Money appears as measure (in Homer, e.g. oxen) earlier than as medium of exchange,because in barter each commodity is still its own medium of exchang… - Karl Marx

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Money appears as measure (in Homer, e.g. oxen) earlier than as medium of exchange,because in barter each commodity is still its own medium of exchange. But it cannot be its own or its own standard of comparison.

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About Karl Marx

Karl Heinrich Marx (5 May 1818 – 14 March 1883) was a German political philosopher, economist, historian, sociologist, journalist and revolutionary socialist. Marx's work in economics laid the basis for labor theory of value, and has influenced much of subsequent economic thought. He published many works during his lifetime, including The Communist Manifesto (1848) and the first volume of Das Kapital (1867), the two later volumes being completed by his collaborator Friedrich Engels.

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Also Known As

Alternative Names: Karl Heinrich Marx Karl H. Marx Marx
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Additional quotes by Karl Marx

Everyone has a goal which appears to be great, at least to himself, and is great when deepest conviction, the innermost voice of the heart, pronounces it great. … This voice, however, is easily drowned out, and what we thought to be inspiration may have been created by the fleeting moment and again perhaps destroyed by it. … We must seriously ask ourselves, therefore, whether we are really inspired about a vocation, whether an inner voice approves of it, or whether the inspiration was a deception, whether that which we took as the Deity's calling to us was self-deceit. But how else could we recognize this except by searching for the source of our inspiration?

Men make their own history, but they do not make it as they please; they do not make it under self-selected circumstances, but under circumstances existing already, given and transmitted from the past. The tradition of all dead generations weighs like a nightmare on the brains of the living.

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