The relation between money and value in Marx

Vol. 11 No. 2 (1991)

Apr-Jun / 1991
Published April 1, 1991
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Mollo, Maria de Lourdes Rollemberg. 1991. “The Relation Between Money and Value in Marx”. Brazilian Journal of Political Economy 11 (2):198-217. https://doi.org/10.1590/0101-31571991-0835.

The relation between money and value in Marx

Maria de Lourdes Rollemberg Mollo
Departamento de Economia da Universidade de Brasília – UnB, Brasília/DF, Brasil.
Brazilian Journal of Political Economy, Vol. 11 No. 2 (1991), Apr-Jun / 1991, Pages 198-217

Abstract

This paper is an interpretation of Marx’s Theory of Value. Attention is called to the link which Marx has established between value and money, in capitalist economies, both in the sense of the genesis of money from commodities and value, and in the sense of the imposition of the law of value through monetary restriction. In the first part, value is defined as social represen-tation of labor in capitalist economies. The second part analyses the imposition of the law of value to commodities through money. Finally, the third part analyses how the law of value imposes itself over money.

JEL Classification: B14; B31; D46


Keywords: Value theory history of economic thought Marx