Skip to main content
Taylor & Francis Group Logo
Advanced Search

Click here to search books using title name,author name and keywords.

  • Login
  • Hi, User  
    • Your Account
    • Logout
Advanced Search

Click here to search books using title name,author name and keywords.

Breadcrumbs Section. Click here to navigate to respective pages.

Chapter

Exchanging

Chapter

Exchanging

DOI link for Exchanging

Exchanging book

Exchanging

DOI link for Exchanging

Exchanging book

ByMichel Foucault
BookThe Order of Things

Click here to navigate to parent product.

Edition 1st Edition
First Published 1966
Imprint Routledge
Pages 53
eBook ISBN 9781315660301

ABSTRACT

The standard of equivalences is itself involved in the system of exchanges, and the buying power of money signifies nothing but the marketable value of the metal. 'Mercantilism' freed money from the postulate of the intrinsic value of metal – the folly of those who 'say that money is a commodity like other things'– and at the same time established between it and wealth a strict relation of representation and analysis. As a pledge, money designates a certain wealth: it establishes its price. In rich countries, the influx of labour makes possible the exploitation of new wealth, the sale of which proportionately increases the amount of metal in circulation. Value, occupies exactly the same position in the analysis of wealth as structure does in natural history. The analyses of representation, language, natural orders, and wealth are perfectly coherent and homogeneous with regard to one another, there exists, nevertheless, a profound disequilibrium.

T&F logoTaylor & Francis Group logo
  • Policies
    • Privacy Policy
    • Terms & Conditions
    • Cookie Policy
    • Privacy Policy
    • Terms & Conditions
    • Cookie Policy
  • Journals
    • Taylor & Francis Online
    • CogentOA
    • Taylor & Francis Online
    • CogentOA
  • Corporate
    • Taylor & Francis Group
    • Taylor & Francis Group
    • Taylor & Francis Group
    • Taylor & Francis Group
  • Help & Contact
    • Students/Researchers
    • Librarians/Institutions
    • Students/Researchers
    • Librarians/Institutions
  • Connect with us

Connect with us

Registered in England & Wales No. 3099067
5 Howick Place | London | SW1P 1WG © 2021 Informa UK Limited