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] stands for a state of things, or a striving after it, that differs much from that which we know; & for many of us, especially those who are comfortably at home in the world as it is, they have consequently come to be the positive, comparative, & superlative, distinguished not in kind but in degree only, of the terms of abuse applicable to those who would disturb our peace.
[Fowler] An economic and social system envisioned by the nineteenth-century German scholar Karl Marx.
Intermediate micro (150/2) is not required, but it is recommended.
Introductory microeconomics (115 or equivalent) is required.
Exchange-value allows one to determine what one commodity is worth in relation to another commodity, for example how many units of corn one might exchange for a given unit of linen.