[OPE-L:5651] Re: Commodity Money

Gerald Levy (glevy@pratt.edu)
Sun, 26 Oct 1997 09:13:56 -0500 (EST)

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Mike W, Ale and everyone else: please make sure when replying to a
post that you are sending your response to the list rather than the
author alone.

A couple of questions related to this topic:

(1) One of the tendencies under capitalism is a relentless drive towards
commodification -- e.g. to transform into commodities objects that
had not previously been represented by the value-form. Yet with the
transformation from the money commodity to money in non-commodity
form, we see the opposite movement. How can this be explained
theoretically (rather than only historically)?

(2) From a systematic dialectical perspective [:-)], shouldn't one first
investigate the case where money takes the commodity form before one
relaxes this assumption and explains how in the course of the
reproduction of capital and accumulation the functions of money and
credit are modified? I.e. wasn't there a reason, other than a
historical one related to Marx's own time, for the ordering of
different aspects of his theory of money?

In solidarity, Jerry