Re: Re: The exchange value of currencies

[miychi <miyachi9@xxxxxxxxxx>]

On 2002.04.18 08:58 AM, "Chris Burford" <cburford@xxxxxxxxxx> wrote:

> At 16/04/02 23:50 +0100, you wrote:
>> The organic composition of capital is the measure of the exchange value of
>> currencies.
>>
>> Is this a correct application of marxism?
>>
>> Chris Burford
>
> I appreciate the discussion. But I am wondering if my gentle, wise old
> communist friend, got it  the wrong way round.
>
> Perhaps it should be
>
> The exchange value of currencies is the measure of the relative organic
> composition of capital.
>
> Chris Burford
>
Comrade Chris Burford
>
What is " exchange value of currency"? If currency has exchange value,many
currencies must exchange in capital market. So do you mean currency as bill
.bond, stock? After this mail I will explain concept of currency.