Exchange creates value such that the sum exceeds what each party held.
Evidence
The meaning of exchange, moreover, is that the sum of values is greater afterward than it was before, and this implies that each party gives the other more than he had himself possessed. — Georg Simmel, on individuality and social forms_…, 219
Categorization
- XREF: connects to: Exchange is a change within each party, not a thing between them. — Georg Simmel, on individuality and social forms_…, 223; Exchange creates value as genuinely as production does. — Georg Simmel, on individuality and social forms_…, 228; Every exchange is individually advantageous given its actual circumstances — Georg Simmel, on individuality and social forms_…, 255 (+4 more)
Related
- Exchange creates value as genuinely as production does. (similarity 0.94)
- Exchange itself, not utility or scarcity, creates economic value. (similarity 0.90)
- Exchange value is always judged relative to the moment’s circumstances (similarity 0.89)
- Exchange is a change within each party, not a thing between them. (similarity 0.88)
- Exchange stands as the purest form of human interaction and rationalizes daily life. (similarity 0.86)
- Economic value arises only through sacrifice and exchange (similarity 0.86)
- Every exchange is individually advantageous given its actual circumstances (similarity 0.86)
- Labor power only becomes a value through the possibility of exchange. (similarity 0.84)
- Two-person exchange is a subspecies of the individual’s internal sacrifice-and-gain. (similarity 0.84)
- Economic value emerges through the distance exchange creates between self and object (similarity 0.83)
- Exchange value is measured by what a commodity trades for, not by its price (similarity 0.82)
- Every interaction, including love and conversation, is a form of exchange. (similarity 0.81)
- Surplus-value emerges where equivalent exchange opens a gap over reproduction costs (similarity 0.79)
Broader Connections
- Every exchange is individually advantageous given its actual circumstances
#corroborates(0.80) — Georg Simmel, on individuality and social forms_…, 255 - Exchange itself, not utility or scarcity, creates economic value.
#expands(0.70) — Georg Simmel, on individuality and social forms_…, 261 - Economic value emerges through the distance exchange creates between self and object
#expands(0.60) — Georg Simmel, on individuality and social forms_…, 250 - Labor power only becomes a value through the possibility of exchange.
#qualifies(0.60) — Georg Simmel, on individuality and social forms_…, 258 - Exchange value is always judged relative to the moment’s circumstances
#contradicts(0.55) — Georg Simmel, on individuality and social forms_…, 240