By Isaak Illich Rubin (author), Miloš Samardźija, Fredy Perlman (translators)

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In a f o o t n o t e , Veblen a d d s t h e e x p l a n a t i o n that "in Marxian usage 'capitalistic p r o d u c t i o n ' m e a n s p r o d u c t i o n of g o o d s for the m a r k e t by hired l a b o u r u n d e r the d i r e c t i o n of e m p l o y e r s w h o o w n (or c o n t r o l ! the m e a n s of p r o d u c t i o n and are engaged in i n d u s t r y for t h e sake of a p r o f i t . " 81 Ibid', pp. 2 8 7 - 2 8 8 . COMMODITY FETISHISM xxxi t o p o i n t o u t t h a t " t h i n g s o t h e r t h a n l a b o r " are e x c h a n g e d , since " M a r x d o e s n o t a n a l y z e every e x c h a n g e o f things, b u t o n l y t h e e q u a l i z a t i o n of c o m m o d i t i e s t h r o u g h w h i c h t h e social e q u a l i z a t i o n of l a b o r is carried o u t in t h e c o m m o d i t y e c o n o m y " ( R u b i n , p.

The correspondence between the material process of production, on the one hand, and the production relations among the individuals who participate in it, on the other, is achieved differently in different social formations. In a society with a regulated economy, for example in a socialist economy, production r e l a t i o n s among individual members of society are established consciously in order to guarantee a regular course of production. The role of each member of society in the production process, namely his relationship to other members, is consciously defined.

Money, as we have seen, is not only a " s y m b o l . , 1. p. 129). The transfer of money from hand to hand is only a means for the transfer of goods. , I, p. 129), and it can be replaced by the mere symbol of paper money. But even though " f o r m a l l y " separated from metallic substance, paper money nevertheless represents an "objectification" of production 2 The way this social property of tilings, which are e x p r e s s i o n s o l production relations among people, takes part in the creation of production relations among particular individuals, will be explained below, in Chapter 3.

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