Commodity-Money-Commodity Transformation In Marx Essay Samples

According to Marx, commodities are transformed into money and money back into commodities. Therefore, there might be a separate valuation of money and commodities. Considering that capital consists of money, the separate valuation of money and commodities determines how the economy accumulates capital. Money and commodities might have different valuation functions, and capital might have a function that is a sub-function of money and commodities valuation functions.
Money and commodities are traded in different markets. In the commodity markets, commodities are traded with and transformed into money. Therefore, the valuation function of commodities is a function of money and some other dynamics in the market. Money is also traded in the money markets. In the money market, money is traded with money and the money markets are comparatively more fluctuating to the commodity markets and the dynamics of the commodity markets and the money markets are completely different.
Considering that accumulating capital has an essential place in the capitalistic development models, how the economy accumulates capital is also essential information to explain how the income redistribution works among the production factors. The capital is a function of the valuation functions in money and commodities and considering that there is no direct relation between the money markets and the commodity markets. We might expect that the money market dynamics will create an effect of creating a distance between labor, commodities, and money. The dynamics of the relatively more fluctuating money markets compared to the commodity markets influence the capital accumulation and the redistribution of the income among the production factors.
Consequently, the different dynamics determines the capital accumulation and the same dynamics shape the redistribution of income. As a result of this, an alienation occurs between labor and income generated thanks to the working labor.