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

    Final questions for this chapter:

    1. For non-fiat currencies, what is money?
    2. What is one of the main historical reasons for a currency to use coins of different materials?
    3. What is made blatant by the use of near-valueless objects (e.g. paper notes) as money?
    4. Give some examples of why capitalists hoard money.
    5. What does Marx mean when describing money as a “means of payment”?
    6. For non-fiat currencies, what form does money take for international trade?