Yanis Varoufakis: The Birth of market society:
2017:
Pg 25:
-Another word for goods is commodities however they don’t mean
the same thing.
Pg 26:
-Commodities are goods produced to be sold and goods aren’t
produced to be sold.
-With commodities, the higher the price we’re willing to pay Apple
for iPads, the more iPads Apple will produce.
Market price:
-Price that will reflect their exchange value.
Exchange value:
-What they are worth in a market in exchange for something else.
Experiential value:
-Having no exchange value.
-There are two types of values:
😊Experiential
😊Exchange
-All values are measured at any rate as if they were exchange values.
Blood market:
-In many countries, donors voluntarily give blood free of charge
because they are compelled to help others whose lives are risk
however in other countries, donors are paid for the blood they give.
, Pg 27:
-In countries where blood donors are paid for the blood they donate,
the quantity collected is small compared to countries where blood is
donated voluntarily without any payment.
-The shift from contribution to transaction ruins the pleasure, that’s
why.
-People do things for one another which is seen as an exchange,
however it’s not a commercial exchange.
Pg 28:
-Oikonomia is made up of 2 words:
»Oikos referring to household
»Nomoi referring to laws/rules/constraints
-This means to laws/rules of managing a household.
-Farmers would produce their own raw materials such as animal
feed, fuel, and seeds.
-Nowadays, farmers buy most of their raw materials from
multinational companies that have the technological capacity to
produce feed that fattens cows faster for less money.
Pg 29:
-The market has extended to such extent that even genes have
exchange value.
-A woman’s womb gains exchange when it’s formally and legally
rented by a couple that couldn’t bear children.
-Most of what we produce and consume is created outside the
household.
Agoranomy is another word for the economy.
2017:
Pg 25:
-Another word for goods is commodities however they don’t mean
the same thing.
Pg 26:
-Commodities are goods produced to be sold and goods aren’t
produced to be sold.
-With commodities, the higher the price we’re willing to pay Apple
for iPads, the more iPads Apple will produce.
Market price:
-Price that will reflect their exchange value.
Exchange value:
-What they are worth in a market in exchange for something else.
Experiential value:
-Having no exchange value.
-There are two types of values:
😊Experiential
😊Exchange
-All values are measured at any rate as if they were exchange values.
Blood market:
-In many countries, donors voluntarily give blood free of charge
because they are compelled to help others whose lives are risk
however in other countries, donors are paid for the blood they give.
, Pg 27:
-In countries where blood donors are paid for the blood they donate,
the quantity collected is small compared to countries where blood is
donated voluntarily without any payment.
-The shift from contribution to transaction ruins the pleasure, that’s
why.
-People do things for one another which is seen as an exchange,
however it’s not a commercial exchange.
Pg 28:
-Oikonomia is made up of 2 words:
»Oikos referring to household
»Nomoi referring to laws/rules/constraints
-This means to laws/rules of managing a household.
-Farmers would produce their own raw materials such as animal
feed, fuel, and seeds.
-Nowadays, farmers buy most of their raw materials from
multinational companies that have the technological capacity to
produce feed that fattens cows faster for less money.
Pg 29:
-The market has extended to such extent that even genes have
exchange value.
-A woman’s womb gains exchange when it’s formally and legally
rented by a couple that couldn’t bear children.
-Most of what we produce and consume is created outside the
household.
Agoranomy is another word for the economy.
