Marx, Capital, Volume 1, Chapter 1, Section 3: The Value-form, or Exchange-Value, Part 2: The Simple Form of Value: (iii) The equivalent form

I have created a set of flashcards for that part of the third section of chapter 1 of Marx’s Capital, volume 1, Section 3: The Value-form, or Exchange-Value, Part 2: The Simple Form of Value: (iii) The equivalent form (see https://quizlet.com/ca/1128573421/flash-cards/?funnelUUID=32433c48-620b-41be-8eb8-f022b5d8d4d1).

There are also previous flashcards for the earlier section of chapter 1 on that site (as well as on this blog).

Here is a copy of the flashcards:

1. Unlike the relative form of value of a commodity (say, linen), where the value of the commodity must differentiate itself from its use value by expressing itself in another commodity, the equivalent form of value (say, the coat) m________with the use value of the equivalent form and appears to have the property of i____________ e______________ with another commodity (the linen)

merges; property; immediate exchangeability

2. It is the _________ exchangeability of the relative/equivalent form that expresses the nature of the value of the relative form of value as value.

direct; equivalent

3. The function of the equivalent form is to express the use value/value of the commodity in the relative form of value.

value

4. Once a commodity is in the equivalent form, its magnitude of value is/is not expressed.

is not

5. The function of the equivalent form is to r_______ the value of the commodity in the relative form.

reflect

6. The equivalent form counts as only a definite quantity of use value/value.

use value

7. What is the first peculiarity of the equivalent form?

That it is the form of appearance of its opposite, or it is expression of its opposite, value.

8. A commodity by itself is/is not in the equivalent form. Explain.

is not. A commodity acquires the equivalent form only by being related to another commodity in the value relation.

9. In the analogy of the weight of the sugar loaf and iron, which of the three represents value, which the relative form and which the equivalent form?

Weight repesents value; the sugar loaf represents the relative form and iron represents the equivalent form.

10. The need to express the value of a commodity in the use value of a_________commodity requires a relation between the relative form of value and the equivalent form, and the relation is more evident in the relative form/equivalent form because of the contrast between the value of the commodity and its own _____ ______.

another; relative; equivalent; relative; use value

11. Why does the relative form of value of a commodity indicate better that this form involves a social relation than the equivalent form of value?

The value of the relative form of a commodity differentiates its value from its use value through its expression of value in another, different commodity whereas the use value of the equivalent form seems to be endowed with value due to its own nature as use value rather than due to social relations.

12. The equivalent form in its material form, with all its physical and material properties, functions i____________ as the equivalent form.

immediately

13. The immediate exchangeability of the use value, with all its material properties, applies to the equivalent form both within and without the value relation/only within in which the commodity in the relative form is related to the commodity in the equivalent form as its equivalent.

only within

14. With physical things and their properties, the properties do/do not arise from the relations to other things but are activated by such relations.

do not

15. The property of immediate exchangeability of the equivalent form is due exclusively to the s_______ r_______ of v______ and abstract labour (labour not being social in its immediate form) and not due to any material property of the equivalent form (other than being a material thing).

social relation; value; material

16.  The property of immediate exchangeability appears/does not appear as the material property of the specific use value expressed in the equivalent form. Does that mean that the property of immediate exchangeability of the equivalent form is a material property of the specific use value?

appears; no

17. Since the properties of a thing are activated by relations and do not derive from those relations, it appears that the social property of immediate exchangeability of the equivalent form is due to the n_______ thing itself, to its u___ v______ and not due to social relations (of production).

natural; use value

18. The mysterious nature of the equivalent form only arises for the bourgeois economist (if at all) in the m______form as g______ or s________.

money; gold; silver

19. The bourgeis economist then tries to demystify the mystical power of gold’s or silver’s power of immediate exchangeability by referrring to o______ m_______ use values that have historically served as the e__________form.

immediate; other material; equivalent

20. The simplest expression of value already indicates the riddle of the equivalent form that needs to be solved in that it is necessary to explain the property of i___________ e____________ of a_____ use value in that form and not the p________ use value that has historically embodied that form.

immediate exchangeability; any; particular

21. The material body of the equivalent form f________ as the e_________of abstract human labour and is the r________ of some specific, c_________ human labour.

functions; embodiment; result; concrete

22. The concrete labour that produces the equivalent expresses abstract labour only insofar as it produces an object that f________ to e________ abstract labour as immediately c_________ into any concrete form.

functions; embody; convertible

23. The use value of the concrete labour, insofar as it e_________ the value of the commodity in the relative form, is due not to its determinate or specific aspect, but due to producing a______ specific object that is immediately perceptible as value, as an e________ a________ of abstract labour that is immediately exchangeable with the commodity in the relative form because there is a/no difference in the nature of the labour which produces both the relative and equivalent forms as value.

concrete; expresses; any; embodied amount; no

24. Different use values, despite being the results of differente c________ labours, are both the results of h______ l_______, and they possess this g________ p_______. This general property of being human labour need not (but may, depending on the social organization of production) produce value. This is not a riddle or mystery, and in the case of the production of value it is necessary to consider the situation exclusively from the point of view of this general property.

concrete; human labour; general property

25. Unlike a consideration of viewing the production of value from the point of view of the general property of being human labour, given the n__________ character of abstract labour–as labour that is/is not yet social labour–the expression of the production of value assumes a mysterious character.

negative; is not yet; mysterious

26. To express the fact that labour produces the value of the commodity in the relative form in its g_________ property of being human labour rather than its c________ property, it is necessary to make a________, different kind of concrete labour the embodiment of the v______ of the linen, thereby contrasting the v______of the linen (as expressed in the e_________) and the c________ labour expended to produce the commodity in the r________ form of value.

general; concrete; another; value; embodiment; equivalent; concrete; relative

27. In addition to the first peculiarity of the equivalent form being that the use value becomes the form of expression or form of appearance of its opposite, value, the second peculiarity of the equivalent form consists in abstract/concrete labour being the form of expression or form of appearance of its opposite, abstract/concrete labour.

concrete; abstract

28. Since the concrete labour that produces the equivalent functions as the embodiment of abstract labour, and yet such labour, like all labour that produces value, is/is not yet social labour as it is being performed, there arises a contradiction internal to the equivalent form: it is labour that is/is not yet social labour as it is being performed (since it is concrete/abstract labour) and yet is i_______exchangeable with the commodity in the relative form due to the expression of the v of the commodity in the relative form in the u___ v____ of the e____________ form.

is not; is not; abstract labour; immediately; value; relative; use value; equivalent

 

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