Harshad Dave, Additional General Manager (Retd.), Gujarat State Fertilizers and Chemicals Ltd. (GSFC), Vadodara,Gujarat, India.
Exchange Value is a vital term of economics. Exchange Value is born by an exchange process and the exchange process is the life line of the human society. Exchange value gets influenced by various parameters. These parameters are discussed here. It is also tried to investigate on the linkages among human characteristics and economics through the process of exchange. The nature of influence of the parameters gets transformed into unethical ways and means as and when time and circumstances permit so. Today, a dense flow of exchange processes incessantly flows through our society and has become a life line for the existence of the society. Unfortunately the flow is polluted with unethical influence on the process of exchange and this subject matter is discussed in this article. Successful application of abilities in unethical ways and means to secure a favorable exchange ratio could be realized only with the help of government brasses and public servants and ruling politicians. The application of abilities on unethical ways during the process of exchange returns with an advantageous exchange ratio on either side party who is more unethical. The wealth/resources accumulated with unethical part of exchange process become a special influencing parameter (Capitalistic parameter) to undermine opposite party in future exchange. Ultimately, it turns into a race to hold maximum unethical resources to dictate most advantageous exchange ratio in all future exchange processes. This is one of the prime causes that drag our society into downfall to ugly peril.
Keywords: exchange value, typical ability, preconditions, working group, WG, barbaric ability, civilized ability, trinity.
JEL Classification: A13, A14, B21, F43, F50, I24, O12, P16, P26, P48, Z13.
Cite as: H. Dave. (2018). Preliminary contemplation on Exchange Value. Financial Markets, Institutions and Risks, 2(2), 69-92. DOI: 10.21272/fmir.2(2).69-92.2018
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