Theory of commodity fetishism

Published by: MagdalenaCategory: Fetish

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In Karl Marx's critical analysis of political economy, commodity fetichism is the perception of the social relationships involved in production, not as relationships among people, but as system relationships among the money and commodities exchanged in market trade. As such, commodity fetishism transforms the subjective, abstract aspects of scheme value into objective, real belongings that people believe have inherent value. The theory of artefact fetishism is presented in the first chapter of Capital: Critique of Political frugalness (1867), at the ending of the analysis of the value-form of commodities, to explain that the social social group of labour is mediated through market exchange, the purchase and the selling of commodities (goods and services).
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Commodity fetishism - Infogalactic: the planetary knowledge core

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Commodity Fetishism - Fredy Perlman (1968) | Theory and Practice

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According to economists whose theories currently die hard in America, economic science has replaced political economy, and economics deals with scarcity, prices, and resource allocation. In the definition of Paul Samuelson, "economics - or political economy, as it used to be named ... is the written document of how men and friendship choose, with or without the use of money, to utilise productive resources, which could have alternative uses, to produce various commodities over time and distribute them for consumption, now and in the future, among various hoi polloi and groups in society."(1) reported to henry m. robert Campbell, "One of the central preoccupations of economics has always been what determines price."(2) In the words of another expert, "Any community, the primers bowman us, has to great deal with a permeant economic problem: how to determine the uses of available resources, including not only goods and services that can be employed profitably but as well other hardly supplies."(3)If economics is indeed merely a new language unit for political economy, and if the subject matter which was once covered low the heading of governmental economy is now beaded by economics, then economics has replaced political economy.
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