The relation between money and value in Marx
Abstract
This paper is an interpretation of Marx’s Theory of Value. Attention is called to the link which Marx has established between value and money, in capitalist economies, both in the sense of the genesis of money from commodities and value, and in the sense of the imposition of the law of value through monetary restriction. In the first part, value is defined as social represen-tation of labor in capitalist economies. The second part analyses the imposition of the law of value to commodities through money. Finally, the third part analyses how the law of value imposes itself over money.
JEL Classification: B14; B31; D46
Keywords: Value theory history of economic thought Marx