The Principle of Commodity Utility and Its Equations

Abstract

"Das Kapital" points out that commodities have two attributes of value and use value at the same time, and describe both qualitatively rather than quantitatively. The utility of commodities fundamentally comes from the functional attributes of natural things, and must rely on the use value of commodities to play its role. People's behavior of buying goods is based on the evaluation of the utility of goods when making the decision to buy goods. The process of evaluating the utility of a commodity when making a decision to buy it is essentially a process of comparing their labor efforts and obtaining happiness in their heart. The equation of utility is: U= (1 / P) (Pm / W); the unit of measurement is named "Om" (symbol in Sanskrit ॐ), is the reciprocal of the monetary unit "Tarrant" (symbol Ω). Commodity utility theory of value and commodity labor theory of value are unified through the utility equation.