In possessing exchange value relative to one another, commodities show their unique characteristic. It is only as commodities, in a society where exc… - Paul Sweezy

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In possessing exchange value relative to one another, commodities show their unique characteristic. It is only as commodities, in a society where exchange is a regular method of realizing the purpose of social production, that products have exchange value.

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About Paul Sweezy

Paul Marlor Sweezy (April 10, 1910 – February 27, 2004) was an American Marxian economist, political activist, publisher, and founding editor of the long-running magazine .

Also Known As

Alternative Names: Paul Marlor Sweezy Paul M. Sweezy

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In possessing use value a commodity is in no way peculiar. Objects of human consumption in every age and in every form of society likewise possess use value. Use value is an expression of a certain relation between the consumer and the object consumed. Political economy, on the other hand, is a social science of the relations between people.

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