Abstract
The process of value creation includes preservation of the prior value, as well as its multiplication. How, asks Marx, can higher exchange value originate out of circulation itself if in simple circulation only equivalents exchange? He answers: the higher exchange value must have entered circulation as higher exchange value.1
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© 1989 Dr Adalbert G. Lallier
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Lallier, A.G. (1989). Simple Exchange v. Developed Exchange. In: The Economics of Marx’s Grundrisse. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-20171-6_7
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DOI: https://doi.org/10.1007/978-1-349-20171-6_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-46834-0
Online ISBN: 978-1-349-20171-6
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