Use value
From The Art and Popular Culture Encyclopedia
"The life and works of D. A. F. de Sade would thus have no other use value than the common use value of excrement; in other words, for the most part, one most often only loves the rapid (and violent) pleasure of voiding this matter and no longer seeing it." --"The Use Value of D.A.F. de Sade" (1929) by Georges Bataille |
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Use value (Gebrauchswert) or value in use is a concept in classical political economy and Marxist economics. It refers to the tangible features of a commodity (a tradeable object) which can satisfy some human requirement, want or need, or which serves a useful purpose. In Karl Marx's critique of political economy, any product has a labor-value and a use-value, and if it is traded as a commodity in markets, it additionally has an exchange value, most often expressed as a money-price.
Marx acknowledges that commodities being traded also have a general utility, implied by the fact that people want them, but he argues that this by itself says nothing about the specific character of the economy in which they are produced and sold.
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