An Analysis and an indicator for the Revision of Karl Marx's Theory of Cash and Theory of Value

The Theory of Money and the idea of Value

The most important indicate emerge from Marx's theory of funds is the idea that funds is a kind of value. The issue with this notion is that we are more acquainted with money itself than with value in other forms. But worth does come in forms apart from money. For example, the total amount sheet of a capitalist organization estimates the worthiness of goods in procedure and of set capital which includes not however been depreciated, and also the benefit of inventories of completed commodities awaiting sale. Each one of these aggregations of commodities includes a value, usually expressed as the same as a particular amount of cash, but it is clear that neither products in procedure nor fixed capital is usually money. Marx views the worthiness of commodities in this impression as analytically ahead of money; money could be explained regarding to Marx only based on an understanding of the worthiness of commodities.

Marx follows Smith in regarding benefit as the house of exchangeability of commodities. In a culture where exchange is prevalent, products come to have a dual figure as use ideals and as ideals. They have two powers: first, to gratify particular human necessities and wants; and second, to switch for other goods. This second power could be considered quantitatively, as some exchangeability or command over various other commodities. The classical economists seen value as a real, though socially identified, entity, using its own laws of conservation and motion. Benefit in this feeling bears the same relation to commodities as mass bears to physical things.