Question

In: Economics

Why does Marx begin his analysis with the commodity? What is the consequence of bourgeois economists...

Why does Marx begin his analysis with the commodity? What is the consequence of bourgeois economists beginning with the population?

Solutions

Expert Solution

Marx begins his analysis with the commodity and this has been explained in the chapter of Marx book and the answer has been given in the chapter one , first two sentences of Chapter One: "The wealth of societies in which the capitalist mode of production prevails appears as 'an immense collection of commodities,' the individual commodity appears as its elementary form. The investigation therefore begins with the analysis of a commodity."1 He begins with the commodity because it is the elementary form of wealth in capitalist society . because the commodity-form is the fundamental form of capital. If the commodity-form is the fundamental form of the class relation of capital, and if that form consists of the forcible creation of a situation in which the only access to social wealth (food, clothing, etc.) for workers is through the selling of their labor-power, then it follows that all the products of labor must perforce take on the commodity-form. This is simply because they must be sold to the working class to ensure its survival and growth. Since wealth for capital is nothing but the accumulation of labor and the products it produces, and since both labor and those products take the commodity-form in capital, then the individual commodity appears as the elementary form of that wealth.3

The major consequence of the burgeois economist beginning with population was that as Marx paid attention on the population and bought out the potential and their contribution in the economic development. So similar was the case with burgeois who categorized the population and bought out different studied related to it.


Related Solutions

Why Does Marx begin Capital with the commodity? What does the role of contradiction play in...
Why Does Marx begin Capital with the commodity? What does the role of contradiction play in Marx's Method? Explain in full detailed.
Marx starts his economic analysis by stating, labor is the only factor in production that creates...
Marx starts his economic analysis by stating, labor is the only factor in production that creates value. According to mainstream economics, on the other hand, means of production, for example, machines used in production, also create value. Why does Marx think, machines used in production don’t create value? What kind of a role do the machines play in the Marxian model of production? What do you think in general on the role of machines in economics? Do you think labor...
What does the term Full Employment mean? Why do economists calculate it? How does it differ...
What does the term Full Employment mean? Why do economists calculate it? How does it differ from the Natural Rate of Unemployment?
(a) If a person is deficient in Vitamin B6, what is the consequence? How does this...
(a) If a person is deficient in Vitamin B6, what is the consequence? How does this deficiency affect amino acid metabolism? (b) Briefly describe and explain what happens when there is a defect in phenylalanine metabolism. (c) A patient presents with symptoms of blurred vision, tremors, and has difficulty speaking. Lab tests reveal increased levels of ammonia and upon further questioning, you find out that he is an alcoholic. What is wrong with this patient, and how will you as...
What is the idea of alienation as articulated by Marx? How does it manifest and what...
What is the idea of alienation as articulated by Marx? How does it manifest and what harm comes from it? Describe how the pandemic has increased or decreased the degree of alienation using one or more of the four types of alienation covered in the reading.
Who was Karl Marx? What are his laws of capitalist motion? Have these laws of capitalist...
Who was Karl Marx? What are his laws of capitalist motion? Have these laws of capitalist motion been binding or shown to be true of economies since Marx wrote?
According to Marx, Class is structurally determined – what does this mean? How does Marx’s theory...
According to Marx, Class is structurally determined – what does this mean? How does Marx’s theory of class relate to history and the present - in your answers explain and discuss class consciousness, false consciousness, and ideology.
Commodity money (silver or gold) does not create inflation in the economy, why governments or Reverse...
Commodity money (silver or gold) does not create inflation in the economy, why governments or Reverse Banks still printing fiat money? Explain
Marx claims that under capitalism "all that is solid melts into air." Why does he say...
Marx claims that under capitalism "all that is solid melts into air." Why does he say this?
Why/How has Marx influenced so many people and nations over the years? Which of his ideas...
Why/How has Marx influenced so many people and nations over the years? Which of his ideas have merit? Why was he generally wrong?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT