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"The utility of a thing makes it a use value. But this utility is not a thing of air. Being limited by the physical properties of the [[Commodity|commodity]], it has no existence apart from that commodity. A commodity, such as iron, corn, or a diamond, is therefore, so far as it is a material thing, a use value, something useful. This property of a commodity is independent of the amount of labour required to appropriate its useful qualities. When treating of use value, we always assume to be dealing with definite quantities, such as dozens of watches, yards of linen, or tons of iron. The use values of commodities furnish the material for a special study, that of the commercial knowledge of commodities. Use values become a reality only by use or consumption: they also constitute the substance of all wealth, whatever may be the social form of that wealth. In the form of society we are about to consider, they are, in addition, the material depositories of exchange value." | The '''use value''' is the utility of a thing that manifests in use or consumption. The use value forms a contradiction with the [[exchange value]]. | ||
Use value was first formulated by [[Karl Marx]]. | |||
{{quote|"The utility of a thing makes it a use value. But this utility is not a thing of air. Being limited by the physical properties of the [[Commodity|commodity]], it has no existence apart from that commodity. A commodity, such as iron, corn, or a diamond, is therefore, so far as it is a material thing, a use value, something useful. This property of a commodity is independent of the amount of labour required to appropriate its useful qualities. When treating of use value, we always assume to be dealing with definite quantities, such as dozens of watches, yards of linen, or tons of iron. The use values of commodities furnish the material for a special study, that of the commercial knowledge of commodities. Use values become a reality only by use or consumption: they also constitute the substance of all wealth, whatever may be the social form of that wealth. In the form of society we are about to consider, they are, in addition, the material depositories of exchange value."|Karl Marx|[[Capital Vol. 1]]}} | |||
[[Category:Marxist terminology]] | |||
[[Category:Marxist theory]] | |||
Revision as of 04:42, 12 October 2022
The use value is the utility of a thing that manifests in use or consumption. The use value forms a contradiction with the exchange value.
Use value was first formulated by Karl Marx.
"The utility of a thing makes it a use value. But this utility is not a thing of air. Being limited by the physical properties of the commodity, it has no existence apart from that commodity. A commodity, such as iron, corn, or a diamond, is therefore, so far as it is a material thing, a use value, something useful. This property of a commodity is independent of the amount of labour required to appropriate its useful qualities. When treating of use value, we always assume to be dealing with definite quantities, such as dozens of watches, yards of linen, or tons of iron. The use values of commodities furnish the material for a special study, that of the commercial knowledge of commodities. Use values become a reality only by use or consumption: they also constitute the substance of all wealth, whatever may be the social form of that wealth. In the form of society we are about to consider, they are, in addition, the material depositories of exchange value."
— Karl Marx, Capital Vol. 1