Karl Marx Case Study

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KARL MARX When an object is seen as a value in use, it could be appreciated for its properties capable of satisfying human wants, produced by the human labour by changing its natural form into a useful shape. However, when the object becomes a commodity, a price is attached to the object; similarly when human labour is seen as a commodity, then a price is attached to the labour. This destroys social relationship and are not seen for their physical properties, instead the human labour is seen a thing or an object. Commodities are things produced by the human hands to be exchanged in the market. Marx calls this Fetishism , products of labour, when they are produced as a commodity becomes inseparable from the production of commodity. Articles …show more content…

Performance of their labour to the other, is considered the mutual personal relationship existing in the society. Division of labour in family and society was based on age, sex and social relationship existing in the society. Total product of commodity, is social product of commodity; a part is used by the individual and the rest for the society based on productive relationship in the community. Commodity share of each individual would be proportionate to his labour time, labour time depends on the different work to be done and various wants of the society. In Asiatic mode of production, when individuals are reduced to producers of community, their status in society is reduced; but the social relationship between people is not separated. There is respect for human beings and nature, and this is seen in ancient religion worship of nature. When society developed process of production was given more value, than the time spend by the laborer in producing the commodity, and thus value of man diminished. Mode of production, where products become commodities is also the bourgeois production. Commodities have a value, but use value is the utility of man, but when it becomes commodities are exchanged then its value becomes exchange value. Marx, critiques Smith for not giving importance for the value of thing in itself, but a thing is given value only as a

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