1.1 The Poverty of Philosophy, by Karl Marx: The Antithesis of Use Value and Exchange Value

A critique of Proudhon's philosophy from the Left, this is one of Marxism's fundamental texts and an invaluable resource for any student of classical and Marxist economics as it clarifies concepts by contrasting them with a competing philosophy. In this first part of the first chapter, Marx critiques what he perceives as Proudhon's confusion of concepts and tautological definitions of value and thereby clarifies the different natures of use value and exchange value.