Simple commodity production (also known as "petty commodity production"; the German original word is einfache Warenproduktion) is a term coined by Frederick Engels to describe productive activities under the conditions of what Marx had called the "simple exchange" of commodities, where independent producers trade their own products. The use of the word "simple" does not refer to the nature of the producers or of their production, but to the relatively simple and straightforward exchange processes involved.
Read more about Simple Commodity Production: Origins, Relations of Production, From Simple Commodity Production To Capitalist Production, Marxian Economics
Famous quotes containing the words simple, commodity and/or production:
“I ... observed the great beauty of American government to be, that the simple machines of representation, carried through all its parts, gives facility for a being moulded at will to fit with the knowledge of the age; that thus, although it should be imperfect in any or all of its parts, it bears within it a perfect principle the principle of improvement.
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—Frances Wright (1795–1852)
“If mass communications blend together harmoniously, and often unnoticeably, art, politics, religion, and philosophy with commercials, they bring these realms of culture to their common denominator—the commodity form. The music of the soul is also the music of salesmanship. Exchange value, not truth value, counts.”
—Herbert Marcuse (1898–1979)
“Constant revolutionizing of production ... distinguish the bourgeois epoch from all earlier ones. All fixed, fast-frozen relations, with their train of ancient and venerable prejudices are swept away, all new-formed ones become antiquated before they can ossify. All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses, his real conditions of life, and his relations with his kind.”
—Karl Marx (1818–1883)