By Marx, Karl <>; Moseley, Fred; Marx, Karl

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The debate in effect aims at discovering which social forms pro­ vide an institutional framework instantiating Hegel's logic of the concept. In order to approach this goal, the systematic relationships among the specific social forms making up socialism must be explored. For example, in Elson's perspective there are definite form relationships that hold among households, public enterprises, public regulatory bodies, public coordinat­ ing bodies, and so forth. Hegelian dialectical logic does not provide the only procedure for exploring form relationships, and Marxist social scientists can surely discuss these matters without a knowledge of it.

In Capital Marx develops the dialectic of the value-form t o demonstrate the necessity by which value has an external expression that is not identical with it. That expression is money. In Hegel's philosophy, logic is the external expression of abstract thinking, the money of spirit. The appear­ ance of logic as a sphere of its own is for Marx a necessary consequence of the activity of abstract (alienated) thought: The positive thing that Hegel achieved here- in his speculative logic­ is [to show] that the determinate concepts , the universal, fixed thought-forms in their independence over against nature and spirit are THE NECESSITY OF MONEY 43 a necessary result of the universal alienation [ Enifremdung] of the human essence, hence also of human thinking.

Us furthermore take two commodities, e. g. , wheat and iron. What­ ever their ratio of exchange, it is always presentable in an equation in which a given quantum of wheat is set equal to some quantum of iron, e . g . , 1 quarter of wheat = x cwt. of iron. What does this equation purport? That a common element of the same magnitude exists in two different things, in 1 quarter of wheat and likewise in x cwt. of iron. Both are therefore equal to a third thing which is in and of itself neither the one nor the other.

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