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The Commodity Nature of Money in Marx’s Theory

  • Claus Germer

Abstract

Marx’s theory of money has become a growing subject of debate in recent years. A crucial point in the discussion deals with the physical nature of money: that is, whether or not money must be a commodity within this theory. A significant number of contemporary Marxist authors defend the point of view that Marx’s theory is compatible with non-commodity forms of money (Lipietz 1983; Foley 1986; Reuten 1988). Nonetheless it is important to note that these authors have not been able to demonstrate their position based on textual evidence from Marx’s work.

Keywords

Market Economy Direct Exchange Labour Time Textual Evidence General Equivalent 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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© Claus Germer 2005

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  • Claus Germer

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