This time we’re reading the rest of chapter 3 of Capital Volume 1. Participation welcome at any time, not just on the weekend of week 8, either in this thread or in our Matrix room (see this post for instructions on how to join)

  • ☭ 𝗚𝗿𝗮𝗶𝗻𝗘𝗮𝘁𝗲𝗿 ☭OPMA
    3·
    7 months ago

    Some questions for the rest of section 2:

    1. For commodity-backed currencies, how can the value “of” (realized by) money fall?
    2. What happens to commodity prices when the value “of” money falls?
    3. Of which two types of exchange/metamorphosis does the process of circulation consist, and how does one affect the other?
    4. What factors determine the total sum of money in use as the circulating medium during a given period of time?
    5. List some important combinations of these factors and how they affect the sum of money in circulation.
    6. What is the primary cause of a long-term increase in the sum of money in circulation?