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Commodity: Difference between revisions
starting the list of Commodities for which Commodity markets exist
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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. | ||