[OPE-L:5244] monetary crises

Gerald Levy (glevy@pratt.edu)
Thu, 12 Jun 1997 04:45:10 -0700 (PDT)

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Chai-on asked in [OPE-L:5240]:

> Where is the phrase "external to production" from?

The phrase "external to actual production" appeared in the passage cited
in [5223], excerpted below:

> [...] As long as the *social*
> character of labour appears as the *money-existence* of commodities, and
> thus a *thing* external to actual production, money crises -- independent
> of or as an intensification of actual crises -- are inevitable.
> [...] (V3, International ed., pp. 516-517

The above is translated in the Penguin ed. (p. 649) as follows:

" As long as the *social* character of labour appears as the *monetary
existence* of the commodity and hence as a *thing* outside actual
production, monetary crises, independent of real crises or as an
intensification of them, are unavoidable."

In solidarity, Jerry