From Haverstock Hill Flat to U.S. Classroom, What’s Left of Theory?

Every couple of years for the last two decades, I confront the task of explaining to a new group of graduate students that, although the difference between use and exchange seems immediately available to intuition, use-value and exchange-value are in the same form-the value form. To put something in the value form means to abstract it, so that it can be measured. This is as true of use-value as it is of exchangevalue. When we use something up, we do not in fact measure it.