Marxist Economic Concepts and Art/Design

Marx's Economic Concepts: Use Value, Exchange Value, and Commodity Fetishism

Use Value

• Definition: The intrinsic utility of a thing, its ability to satisfy a human need or want. Materials are required to make something, and everything is valued by its practical use.

• Closed System: Marx envisions a scenario where an individual or a self-sufficient system produces only what is needed, and items are valued solely for their utility. This represents a