Cookies Policy
X

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

3. Socially Necessary Labour Time

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

One aspect of the contradictory nature of the commodity is that value can only be determined quantitatively through the after-effect of a difference that appears within it. Socially necessary labour time is the quantitative determination of general/abstract labour, and its definition is contradictory. Marx is fully aware of the fact that he is proposing a contradictory definition of social labour time. Marx's aim is to identify the link between the law of supply and demand and exchange-value. The contradictory definition of socially necessary labour time is inseparably linked to the contradictory nature of the commodity. In reality, the contradiction of the commodity now appears in a different form: 'In the relationship of demand and supply for commodities one has firstly a repetition of the relationship between use-value and exchange-value, commodity and money, buyer and seller; secondly, one has the relationship of producer and consumer'.

Keywords: commodities; exchange-value; socially necessary labour time; use-value

10.1163/9789004256262_006
/content/books/b9789004256262_006
dcterms_subject,pub_keyword
6
3
Loading

Sign-in

Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
     
    Time in Marx — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation