Exchange-value

From MarxWiki

Exchange-Value: "An object outside us. A thing that by its properties satisfies human wants of some sort or another" (Marx, Commodities). Though it seems accidental, relative, and intrinsic, Marxism projects that these associations are created by capitalist culture and ideology, self-perpetuating the cycle of capitalism and capitalist ideologies and systems. Every commodity has many exchange-value, such as monetary value, status value, and honest use-value, to name a few. "Exchange-value is only the mode of expression. The phenomenal form of something contained in it, yet distinguishable from it" (Marx). (Marx, Commodities, Communist Manifesto; John Berger, Ways of Seeing; Raymond Williams, Base and Superstructure)