The cinema analogy splits a product’s exchange value from its experienced value

Evidence

That was added to what was produced at the factory or the hospital through her effort, enthusiasm, application, even flair – none of which were remunerated. It’s like going to watch a movie at a cinema: the ticket price you pay reflects the movie’s exchange value, but that is quite separate from the pleasure it gives you, which we might call the ‘experiential value’. In the same way, labour is split between commodity labour (Mum’s time, bought by her wage) and experiential labour (the effort, passion and flair she put into her work). — Yanis Varoufakis, Technofeudalism, 67

Categorization

• DEFINE: Introduces the movie-ticket analogy that makes the exchange-versus-experiential split intuitive before Marx enters.
• XREF: connects to: Treating the market as a totalizing concept shifts explanation from production to exchange — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 474; Economic value emerges through the distance exchange creates between self and object — Georg Simmel, on individuality and social forms_…, 250; Speculation trades on imaginary goods severed from material production — Aris Komporozos-Athanasiou, Speculative Communities: Living With…, 55 (+2 more)

Broader Connections

• Treating the market as a totalizing concept shifts explanation from production to exchange #expands (0.85) — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 474
• Economic value emerges through the distance exchange creates between self and object #expands (0.80) — Georg Simmel, on individuality and social forms_…, 250
• Speculation trades on imaginary goods severed from material production #corroborates (0.78) — Aris Komporozos-Athanasiou, Speculative Communities, 55
• Production and exchange form a unity of the diverse, not an identical unity #qualifies (0.75)
• Cultural goods derive exchange-value from production, not from any special appearance of immediacy #contradicts (0.72) — Dirk Braunstein, Adorno’s Critique of Political Economy, 444