Artist, lecturer, Nintendo player and co-director of Marrickville Garage. Trained in hand drawn animation and crossed over into painting/installation.
Value and labour Karl Marx: Alienation (Entfremdung) is the systemic result of living in a socially stratified society, because being amechanistic part of a social class alienates a person from his and her humanity. The theoretic basis of alienation within the capitalist mode of production is that the worker invariably loses the ability to determine his or her life and destiny, when deprived of the right to think (conceive) of himself as the director of his actions; to determine the character of said actions; to define their relationship with other people; and to own the things and use the value of the goods and services, produced with their labour.
Value “in use” is the usefulness of this commodity, its utility.
The word VALUE, it is to be observed, has two different meanings, and sometimes expresses the utility of some particular object, and sometimes the power of purchasing other goods which the possession of that object conveys. The one may be called ‘value in use ;’ the other, ‘value in exchange.’ The things which have the greatest value in use have frequently little or no value in exchange; and on the contrary, those which have the greatest value in exchange have frequently little or no value in use. Nothing is more useful than water: but it will purchase scarce any thing; scarce any thing can be had in exchange for it. A diamond, on the contrary, has scarce any value in use; but a very great quantity of other goods may frequently be had in exchange for it. (Wealth of Nations Book 1, chapter IV) Adam Smith.
Value “in exchange” is the relative proportion with which this commodity exchanges for another commodity.
The value of any commodity, … to the person who possesses it, and who means not to use or consume it himself, but to exchange it for other commodities, is equal to the quantity of labour which it enables him to purchase or command. Labour, therefore, is the real measure of theexchangeable value of all commodities (Wealth of Nations Book 1, chapter V; emphasis added). Adam Smith.