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Landmarks of Scientific Socialism: "Anti-Duehring"

Friedrich Engels · 1877-1878 primary

passage 143 of 149 · CHAPTER I PAGE > CHAPTER IX (11/17)

↪ you wandered here via “concept of exchange value” — the connecting lines are tinted below

in brief
Engels contrasts commodity society with communal societies where direct social production and consumption prevent products from becoming commodities and having value expressed via exchange.

direct social consumption exclude all exchange of commodities and hence the transformation of products into commodities (at least within the confines of the society) and therewith their transformation into value.

As soon as society comes into direct possession of the means of production and undertakes production as a society, the labor of each, however distinctive its special useful character may be, becomes direct social labor. The amount of social labor existing in a product does not then have to be established in a roundabout way, daily experience shows the average amount of human labor necessary. Society can easily determine how many hours of labor there are in a steam engine, how many in a hectolitre of wheat of last harvest, how many in a hundred square yards of cloth of a given quality. It cannot therefore happen that the quantities of labor embodied in commodities, which will then be absolutely and directly known, will be expressed in terms of a measure which is only relative, fluctuating, inadequate and absolute, in a third product, and not in their natural, adequate and absolute measure, time. This would not happen any more than in chemistry. One would express the atomic weights indirectly by means of hydrogen if it were possible to express them absolutely in their adequate measure, that is in real weight, that is in billions or quadrillions of grammes. Under the foregoing conditions, then, society ascribes no value to products. The simple fact that a hundred yards of cloth have taken a thousand hours in their production need not be expressed in any distorted or foolish fashion, they would be worth a thousand labor hours. Society would then know how much labor each object of use required for its creation. It would have to direct the plan of production in accordance with the means of production to which labor-force also belongs. The advantageous effects of the different objects of use and their relations to each other and the creation of the necessary means of labor would be the sole determinants of the plan of production. People make things very easily without any interference on the part of the much discussed "value."

The value idea is the most universal and the most comprehensive expression of the economic conditions of the production of commodities. In the idea of value there is not only the germ of gold but also of those more highly developed forms of commodity production and exchange. Since value is the expression of the social labor incorporated in individual products, there lies the possibility of a difference between this and the individual labor embodied in the same product. This difference becomes very apparent to a private producer who abides by an old fashioned method of production while the social method of production has taken a step forward. It then appears that the sum of all the private manufacturers of a given commodity produce an amount in excess of the social needs. Then, since the value of a commodity is expressed only in terms of other commodities and can only be realised in exchange with them, the possibility arises that either exchange will cease or that the commodity will not realise its full value. Finally, the specific commodity labor-force finds its value like that of other wares in the social labor time necessary for its production. In the value form of the product there is already in embryo the entire capitalistic form of production, the antagonism between the capitalists and the wage-workers, the industrial reserve army, the crisis. The capitalistic system will be abolished by the restoration of true value (just as Catholicism will be abolished by the restoration of the true Pope), or by the restoration of a society in which the producer finally dominates his product, by the doing away of an economic category which is the most comprehensive expression of the slavery of the producer to his own product.

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topics: rank, class, and social order · value, price, and exchange

Landmarks of Scientific Socialism: "Anti-Duehring" · Friedrich Engels · 1877–1878