Money

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"Marx's Capital: Chapters 2-3 - Money" by Socialist Appeal

Money is both a measure of value and a medium of circulation.

Distinguishing characteristics[edit]

Marx notes that "Shakespeare brings out two properties of money in particular:

  • It is the visible divinity, the transformation of all human and natural qualities into their opposites, the universal confusion and inversion of things; it brings together impossibilities.
  • It is the universal whore, the universal pimp of men and peoples."
  • Furthermore, the "function of money as means of payment begins to spread out beyond the sphere of circulation of commodities. It becomes the universal material of contracts."

Quotes[edit]

“If money is the bond binding me to human life, binding society to me, binding me and nature and man, is not money the bond of all bonds? Can it not dissolve and bind all ties? Is it not, therefore, the universal agent of separation?” [Karl Marx]

See also[edit]