Commodity - Revision history

Jukeboksi: moving List of Commodities List of commodity markets, which will be moved to Wikipedia

2004-03-13T16:42:00Z

moving List of Commodities List of commodity markets, which will be moved to Wikipedia

@@ Line 12: / Line 12: @@
 ===List of Commodities for which Commodity markets exist===
-*[[Coffee]]
+see [[List of commodity markets]]
 === Marxist commodity ===

142.177.103.244: no factional censorship, please, Marxists are good researchers also, restoring Marxist definition, linking, see value; the distinction of use-value and exchange-value is relevant in many

2004-03-12T19:57:42Z

no factional censorship, please, Marxists are good researchers also, restoring Marxist definition, linking, see value; the distinction of use-value and exchange-value is relevant in many

← Older revision		Revision as of 19:57, 12 March 2004
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	*[[egg]]s		*[[egg]]s

			=== Marxist commodity ===

			Commodities have a special meaning within [[Marxism]], as the embodiment of an [[exchange value]] in a [[use value]]. Within the Marxist description of [[capitalism]] commodities only exist to expand the amount of exchange value in the possession of the [[bourgeoisie]]. Exchange values, determined by the amount of work an average worker using average tools would require to produce such a good, directly express [[human labour]] and [[proletariat\|proletarian]] servitude. As such, Marxists see commodities as a central element of the [[exploitation of labour]] within capitalism.

			While the Marxist assumption about the effect of commodity definitions is not universally accepted, many other theories have come to reflect some distinction between [[exchange value]] and [[use value]]. See [[service economy]] for the details of the [[Natural Capitalism]] view, for instance, in which likewise the [[commodity contract]] is deemed to be a major way [[comprehensive outcome]]s are obscured, and responsibility for harms done is diffused to the markets as a whole. The view of the [[corporation]] as an [[externalizing machine]] is also related, and has become accepted even in quite centrist circles relatively.

	----		----
	<small>Adapted from [[Wikipedia]] article [[w:Commodity]] under the clauses of [[GFDL]]</small>		<small>Adapted from [[Wikipedia]] article [[w:Commodity]] under the clauses of [[GFDL]]</small>

Jukeboksi: removing Marxist definition of Commodity

2004-03-12T16:22:27Z

removing Marxist definition of Commodity

← Older revision		Revision as of 16:22, 12 March 2004
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	*[[egg]]s		*[[egg]]s

	~~=== Marxist commodity ===~~

	Commodities have a special meaning within [[Marxism]], as the embodyment of an exchange value in a use value. Within the Marxist description of [[capitalism]] commodities only exist to expand the amount of exchange value in the possession of the [[bourgeoisie]]. Exchange values, determined by the amount of work an average worker using average tools would require to produce such a good, directly express human labour and [[proletariat\|proletarian]] servitude. As such, Marxists see commodities as a central element of the exploitation of labour within capitalism.
	----		----
	<small>Adapted from [[Wikipedia]] article [[w:Commodity]] under the clauses of [[GFDL]]</small>		<small>Adapted from [[Wikipedia]] article [[w:Commodity]] under the clauses of [[GFDL]]</small>

Jukeboksi: added further commodities from wikipedia

2004-03-12T16:21:24Z

added further commodities from wikipedia

@@ Line 19: / Line 19: @@
 *[[Soy]]
 *[[Oil]] (as in fuel)
 === Marxist commodity ===

Jukeboksi: Adapted from Wikipedia article w:Commodity under the clauses of GFDL

2004-03-11T22:02:33Z

<small>Adapted from Wikipedia article w:Commodity under the clauses of GFDL</small>

← Older revision		Revision as of 22:02, 11 March 2004
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	Commodities have a special meaning within [[Marxism]], as the embodyment of an exchange value in a use value. Within the Marxist description of [[capitalism]] commodities only exist to expand the amount of exchange value in the possession of the [[bourgeoisie]]. Exchange values, determined by the amount of work an average worker using average tools would require to produce such a good, directly express human labour and [[proletariat\|proletarian]] servitude. As such, Marxists see commodities as a central element of the exploitation of labour within capitalism.		Commodities have a special meaning within [[Marxism]], as the embodyment of an exchange value in a use value. Within the Marxist description of [[capitalism]] commodities only exist to expand the amount of exchange value in the possession of the [[bourgeoisie]]. Exchange values, determined by the amount of work an average worker using average tools would require to produce such a good, directly express human labour and [[proletariat\|proletarian]] servitude. As such, Marxists see commodities as a central element of the exploitation of labour within capitalism.
			----
			<small>Adapted from [[Wikipedia]] article [[w:Commodity]] under the clauses of [[GFDL]]</small>

Jukeboksi: fuel tank -> combustion engine

2004-03-10T11:06:06Z

fuel tank -> combustion engine

← Older revision		Revision as of 11:06, 10 March 2004
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	A '''commodity''' is a simple element of a [[service economy]] which performs only very predictable services, e.g. [[gasoline]] which only really burns up in a ~~fuel tank~~. This simplicity makes it possible to define it as an undifferentiated [[product]] whose market value arises from the owner's right to sell rather than the right to use. Example commodities from the financial world include [[oil]] (sold by the barrel), [[wheat]], bulk chemicals such as [[sulfuric acid]] and even [[pork belly\|pork-bellies]]. More modern commodities include [[bandwidth]], [[RAM]] chips and (experimentally) computer processor cycles, and [[negative commodity]] units like [[emissions credit]]s.		A '''commodity''' is a simple element of a [[service economy]] which performs only very predictable services, e.g. [[gasoline]] which only really burns up in a combustion engine. This simplicity makes it possible to define it as an undifferentiated [[product]] whose market value arises from the owner's right to sell rather than the right to use. Example commodities from the financial world include [[oil]] (sold by the barrel), [[wheat]], bulk chemicals such as [[sulfuric acid]] and even [[pork belly\|pork-bellies]]. More modern commodities include [[bandwidth]], [[RAM]] chips and (experimentally) computer processor cycles, and [[negative commodity]] units like [[emissions credit]]s.

	In the original and simplified sense, ''commodities'' were things of value, of uniform quality, that were produced in large quantities by many different producers; the items from each different producer are considered equivalent. It is the [[contract]] and this underlying [[standard]] that define the [[commodity]], not any inherent quality of it as a living organism as such. One can reasonably say that food commodities, for example, are defined by the fact that they substitute for each other in [[recipe]]s, and that one use the food without having to look at it too closely.		In the original and simplified sense, ''commodities'' were things of value, of uniform quality, that were produced in large quantities by many different producers; the items from each different producer are considered equivalent. It is the [[contract]] and this underlying [[standard]] that define the [[commodity]], not any inherent quality of it as a living organism as such. One can reasonably say that food commodities, for example, are defined by the fact that they substitute for each other in [[recipe]]s, and that one use the food without having to look at it too closely.

142.177.93.21: noting how this fits in a service economy - if a redirect is replaced, please ensure the link is retained in the first paragraph or an intro phrase, the redirects are there for a reason

2004-03-09T22:58:01Z

noting how this fits in a service economy - if a redirect is replaced, please ensure the link is retained in the first paragraph or an intro phrase, the redirects are there for a reason

← Older revision		Revision as of 22:58, 9 March 2004
Line 1:		Line 1:
	A '''commodity''' is an undifferentiated [[product]] whose market value arises from the owner's right to sell rather than the right to use. Example commodities from the financial world include [[oil]] (sold by the barrel), [[wheat]], bulk chemicals such as [[sulfuric acid]] and even [[pork belly\|pork-bellies]]. More modern commodities include [[bandwidth]], [[RAM]] chips and (experimentally) computer processor cycles, and [[negative commodity]] units like [[emissions credit]]s.		A '''commodity''' is a simple element of a [[service economy]] which performs only very predictable services, e.g. [[gasoline]] which only really burns up in a fuel tank. This simplicity makes it possible to define it as an undifferentiated [[product]] whose market value arises from the owner's right to sell rather than the right to use. Example commodities from the financial world include [[oil]] (sold by the barrel), [[wheat]], bulk chemicals such as [[sulfuric acid]] and even [[pork belly\|pork-bellies]]. More modern commodities include [[bandwidth]], [[RAM]] chips and (experimentally) computer processor cycles, and [[negative commodity]] units like [[emissions credit]]s.

	In the original and simplified sense, ''commodities'' were things of value, of uniform quality, that were produced in large quantities by many different producers; the items from each different producer are considered equivalent. It is the [[contract]] and this underlying [[standard]] that define the [[commodity]], not any inherent quality of it as a living organism as such. One can reasonably say that food commodities, for example, are defined by the fact that they substitute for each other in [[recipe]]s, and that one use the food without having to look at it too closely.		In the original and simplified sense, ''commodities'' were things of value, of uniform quality, that were produced in large quantities by many different producers; the items from each different producer are considered equivalent. It is the [[contract]] and this underlying [[standard]] that define the [[commodity]], not any inherent quality of it as a living organism as such. One can reasonably say that food commodities, for example, are defined by the fact that they substitute for each other in [[recipe]]s, and that one use the food without having to look at it too closely.

Jukeboksi: starting the list of Commodities for which Commodity markets exist

2004-03-09T21:18:20Z

starting the list of Commodities for which Commodity markets exist

← Older revision		Revision as of 21:18, 9 March 2004
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	Some [[economics\|economists]] advise redefining every commodity and product market as a [[service market]], wherein state inspections, market regulation, property rights enforcement, and other services previously assumed under [[classical economics]] to be the domain of the state, could be charged for. If this advice were followed, the term [[commodity]] would still apply in [[value of life\|human life]] analysis, or narrow domains such as relatively safe food goods, or industrial inputs (oil, screws, wireless spectrum) where quality is more or less standard globally, and there is little risk to life of any failure.		Some [[economics\|economists]] advise redefining every commodity and product market as a [[service market]], wherein state inspections, market regulation, property rights enforcement, and other services previously assumed under [[classical economics]] to be the domain of the state, could be charged for. If this advice were followed, the term [[commodity]] would still apply in [[value of life\|human life]] analysis, or narrow domains such as relatively safe food goods, or industrial inputs (oil, screws, wireless spectrum) where quality is more or less standard globally, and there is little risk to life of any failure.

			===List of Commodities for which Commodity markets exist===
			*[[Coffee]]
			*[[Sugar]]
			*[[Cocoa]]
			*[[Corn]]
			*[[Rice]]
			*[[Soy]]
			*[[Oil]] (as in fuel)

	=== Marxist commodity ===		=== Marxist commodity ===

	Commodities have a special meaning within [[Marxism]], as the embodyment of an exchange value in a use value. Within the Marxist description of [[capitalism]] commodities only exist to expand the amount of exchange value in the possession of the [[bourgeoisie]]. Exchange values, determined by the amount of work an average worker using average tools would require to produce such a good, directly express human labour and [[proletariat\|proletarian]] servitude. As such, Marxists see commodities as a central element of the exploitation of labour within capitalism.		Commodities have a special meaning within [[Marxism]], as the embodyment of an exchange value in a use value. Within the Marxist description of [[capitalism]] commodities only exist to expand the amount of exchange value in the possession of the [[bourgeoisie]]. Exchange values, determined by the amount of work an average worker using average tools would require to produce such a good, directly express human labour and [[proletariat\|proletarian]] servitude. As such, Marxists see commodities as a central element of the exploitation of labour within capitalism.

Jukeboksi: used to be #REDIRECT service economy, now copied from Wikipedia and starting adapting for our points-of-interest

2004-03-09T21:14:54Z

used to be #REDIRECT service economy, now copied from Wikipedia and starting adapting for our points-of-interest

← Older revision		Revision as of 21:14, 9 March 2004
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	~~#REDIRECT~~ [[service ~~economy~~]]		A '''commodity''' is an undifferentiated [[product]] whose market value arises from the owner's right to sell rather than the right to use. Example commodities from the financial world include [[oil]] (sold by the barrel), [[wheat]], bulk chemicals such as [[sulfuric acid]] and even [[pork belly\|pork-bellies]]. More modern commodities include [[bandwidth]], [[RAM]] chips and (experimentally) computer processor cycles, and [[negative commodity]] units like [[emissions credit]]s.

			In the original and simplified sense, ''commodities'' were things of value, of uniform quality, that were produced in large quantities by many different producers; the items from each different producer are considered equivalent. It is the [[contract]] and this underlying [[standard]] that define the [[commodity]], not any inherent quality of it as a living organism as such. One can reasonably say that food commodities, for example, are defined by the fact that they substitute for each other in [[recipe]]s, and that one use the food without having to look at it too closely.

			[[Wheat]] is an example. Wheat from many different farms is pooled. Generally, it is all traded at the same price; wheat from Joe's farm is not differentiated from wheat from Jane's farm. Some uniform [[standard of quality]] must necessarily be assumed, leading to different pools: one say for [[genetic modification\|genetically modified wheat]], and one for not. Failures to match the consumer's assessment of [[risk]], usefulness for some purpose, can lead to lower prices or the necessity of dividing the market into different pools - a very major issue in [[agricultural policy]].

			If the division into pools is effective, [[commodity markets\|markets for trading commodities]] can be very [[Economic efficiency\|efficient]], they quickly respond to changes in [[supply and demand]] to find an [[equilibrium]] [[price]]. Producers often attempt to 'de-commodify' their products by [[branding]] them. Branding attempts to make similar products from different producers more distinguishable. This stategy can often lead to higher prices for the items than would be produced in a ''commodity'' market - making a [[product market]]. This is the logical consequence of splitting into one pool per [[brand name]].

			[[Globalization]] has largely obsoleted this older "thing-based" definition, as the [[property right]] in that "thing", and [[standard of quality]] expected, and [[right to sue]] if it is not met, tends to vary widely across even the most [[developed nation]]s. Accordingly there is now more emphasis on [[contract]], and on [[insurance]], and [[currency]] dynamics in modern [[commodity markets]].

			Some [[economics\|economists]] advise redefining every commodity and product market as a [[service market]], wherein state inspections, market regulation, property rights enforcement, and other services previously assumed under [[classical economics]] to be the domain of the state, could be charged for. If this advice were followed, the term [[commodity]] would still apply in [[value of life\|human life]] analysis, or narrow domains such as relatively safe food goods, or industrial inputs (oil, screws, wireless spectrum) where quality is more or less standard globally, and there is little risk to life of any failure.

			=== Marxist commodity ===

			Commodities have a special meaning within [[Marxism]], as the embodyment of an exchange value in a use value. Within the Marxist description of [[capitalism]] commodities only exist to expand the amount of exchange value in the possession of the [[bourgeoisie]]. Exchange values, determined by the amount of work an average worker using average tools would require to produce such a good, directly express human labour and [[proletariat\|proletarian]] servitude. As such, Marxists see commodities as a central element of the exploitation of labour within capitalism.

142.177.103.59: "no such thing"

2003-12-12T17:48:35Z

"no such thing"

New page

#REDIRECT [[service economy]]