Capital Vol.1 Ch.1 S.3 C: The General Form of Value | Karl Marx (Audiobook)

Description:
Capital. Volume I: The Process of Production of Capital (Audiobook)
Karl Marx, 1867

Chapter 1: The Commodity
https://en.wikipedia.org/wiki/Capital,_Volume_I#Chapter_1:_The_Commodity

Section 3: The Form of Value or Exchange Value
C. The General Form of Value
https://www.marxists.org/archive/marx/works/1867-c1/ch01.htm#S3c


1 coat
10 lbs of tea
40 lbs of coffee
1 quarter of corn
2 ounces of gold
½ a ton of iron
x Commodity A, etc.

= 20 yards of linen


1. The altered character of the form of value
2. The Interdependent Development of the Relative Form of Value, and of the Equivalent Form
3. Transition from the General form of value to the Money form

D. The Money-Form

20 yards of linen =
1 coat =
10 lbs of tea =
40 lbs of coffee =
1 quarter of corn =
2 ounces of gold =
½ a ton of iron =
x Commodity A =

= 2 ounces of gold

"In passing from form A to form B, and from the latter to form C, the changes are fundamental. On the other hand, there is no difference between forms C and D, except that, in the latter, gold has assumed the equivalent form in the place of linen. Gold is in form D, what linen was in form C – the universal equivalent. The progress consists in this alone, that the character of direct and universal exchangeability – in other words, that the universal equivalent form – has now, by social custom, become finally identified with the substance, gold.

Gold is now money with reference to all other commodities only because it was previously, with reference to them, a simple commodity. Like all other commodities, it was also capable of serving as an equivalent, either as simple equivalent in isolated exchanges, or as particular equivalent by the side of others. Gradually it began to serve, within varying limits, as universal equivalent. So soon as it monopolises this position in the expression of value for the world of commodities, it becomes the money commodity, and then, and not till then, does form D become distinct from form C, and the general form of value become changed into the money form.

The elementary expression of the relative value of a single commodity, such as linen, in terms of the commodity, such as gold, that plays the part of money, is the price form of that commodity. The price form of the linen is therefore

20 yards of linen = 2 ounces of gold, or, if 2 ounces of gold when
coined are £2, 20 yards of linen = £2.

The difficulty in forming a concept of the money form, consists in clearly comprehending the universal equivalent form, and as a necessary corollary, the general form of value, form C. The latter is deducible from form B, the expanded form of value, the essential component element of which, we saw, is form A, 20 yards of linen = 1 coat or x commodity A = y commodity B. The simple commodity form is therefore the germ of the money form."



Karl Marx' Dank Audio Stash:
https://www.youtube.com/playlist?list=PLJIs9OvcbZKuic_W8ZHZar6m1hwrCn36q



Real Ass History Hours: The Commodity
http://realasshistoryhours.libsyn.com/the-commodity

Marx's Capital Volume 1 Itinerary
https://www.reddit.com/r/realasshistoryhours/comments/aare7u/marxs_capital_volume_1_itinerary/



Marx Madness: Capital: Chapters 1-2, Intro
https://marxmadness.pinecast.co/episode/12d308adc43244d4/capital-chapters-1-2-intro

Marx Madness: Capital: Chapters 3-8
https://marxmadness.pinecast.co/episode/bdf7cc2b59ba405d/capital-chapters-3-8



Zero Books Capital Reading Group: Sections 1 & 2
https://youtu.be/cGS5ZaBDrqw

Zero Books Capital Reading Group: Sections 3 & 4
https://youtu.be/3D33KieCRg0

Zero Books Capital Reading Group: Section 4
https://youtu.be/rLTx8rAeuso

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