Precisely because money is the commensurable unit.develop
“The general factors that determine the supply and demand schedules of any and all consumers’ goods, by all persons on the market, are the balancing on their value scales of their demand for the good for direct use and their demand for money, either for reservation or for exchange.”
Next:
- 13-8a1a The supply (and demand) curves can be aggregated respectively, because whether it is instantiated within one individual or across different individuals does not matter from the perspective of the curve
- 13-8a2 The demand for money stems from fundamental uncertainty about both the future environment and the future-self
Related:
- 13-1a3a2d1 Money superimposes direct use-values of things onto a commensurable unit
- 13-1a3a2d3 Value scales are unified individually—they become more transparent, more measurable, and more comparable to the individual—with money, although never exhaustively
- 13-1a3a2d3a The number of markets needed is immeasurably reduced with the establishment of a money economy