Thanks for the series! Very imformative.... I have been trying to digest the first volume of Capital for some time.... This series is a great distalization
If two commodities are exchanged then their cost of labour time is equal, Then what about digital money in which there is no labour time to produce then how exchange take place between commodities?
Digital money like any money does not require labour embodied in it to determine its price. It's the Universal Equivalent. It can be as useless as paper. It's function is that it facilitates the exchange of other commodities. And it's price can will depend on market fluctuations and government policies. Digital money is subject to the former
There is labor time involved: the operation and function of the network of machines that facilitate its trade require labor, it's hidden by the commodity form.
sir please continue this series dont abandon it
Great lecture, as usual.
Thanks for the series! Very imformative.... I have been trying to digest the first volume of Capital for some time.... This series is a great distalization
Thanks for changing "Capital" to the German "Kapital"!
Excellent series by the way.
:)
It is thanks to @@schadowizationproductions6205
If two commodities are exchanged then their cost of labour time is equal, Then what about digital money in which there is no labour time to produce then how exchange take place between commodities?
Digital money like any money does not require labour embodied in it to determine its price. It's the Universal Equivalent. It can be as useless as paper. It's function is that it facilitates the exchange of other commodities. And it's price can will depend on market fluctuations and government policies. Digital money is subject to the former
There is labor time involved: the operation and function of the network of machines that facilitate its trade require labor, it's hidden by the commodity form.