The following quote can best describe Marx’s opinion on the connection between exchange-value and commodity value.
We
have seen that when commodities are in the relation of exchange, their exchange-value manifests
itself as something independent of their use-value. But if we abstract from their use-value, there
remains their value, as has just been defined. The common factor in the exchange relation, or in
the exchange-value of the commodity, is, therefore, its value.” (Vintage/Penguin edition, p. 128,
chapter 1, §1, para. 12) Continue reading “Commodity Use-Value and
Exchange-Value”