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nydus/A Contribution to the Critique of Political EconomyPublic

This work presents Karl Marx’s initial installment of a projected treatise on political economy, later incorporated into the broader scope of Capital. It provides a detailed analysis of money and the history of value theories, while also featuring the foundational formulation of the author’s materialistic interpretation of history.

Page 177 of 331
Table of Contents

CHAPTER II.

hardened state in which it was used by the ancients), makes them unfit for that application and deprives them, therefore, to a great extent, of that property on which the use-value of metals is generally based. Useless as they are in the direct process of production, they are easily dispensed with as means of existence, as articles of consumption. For that reason any desired quantity of them may be absorbed by the social process of circulation without disturbing the processes of direct production and consumption. Their individual use-value does not come in conflict with their economic function. Furthermore, gold and silver are not only negatively superfluous, i. e. dispensable articles, but their aesthetic properties make them the natural material of luxury, ornamentation, splendor, festive occasions, in short, the positive form of abundance and wealth. They appear, in a way, as spontaneous light brought out from the underground world, since silver reflects all rays of light in their original combination, and gold only the color of highest intensity, viz. red light. The sensation of color is, generally speaking, the most popular form of aesthetic sense. The etymological connection between the names

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