Circuits of Conversion From 14,000 to 1

Money, like economics, produces considerable anxiety for many of us. This chapter discusses price and value - the two different concepts. Transcendence and imminence work through each other - they differ in name and function, but both work seamlessly as one. If the concepts that are used to explain the world are productive of understanding, then those concepts cannot be altogether separate from the existent processes they help to elucidate. The concepts and the processes are two aspects of one reality. Money measures value and price like an enormous vertical ruler on a dock measures gravity and the motion of water. Price and value engage in a necessary tension. Price concretely expresses and actualizes the abstraction value. Properly deciphered, price indicates a particular commodity's role and place in the dynamic flux of a system of commodities - a system whose drive and teleological mission is to generate profit. Value is to price as gravity is to the movement of objects.