Any particular commodity that serves as money is commodity money. Such an economic good is a real part of the economy – one of the goods in the chain of goods, – and it is representative for all other goods in the market. Commodity money is there to express the market values of all commodities in their prices, and it has a price as a commodity on its own. Its price in exchange for any specific good is the bases for the evaluating process, and simultaneously, it represents the economy as a whole – including itself – like symbolic money.
Historical Backdrop
• ARISTOTLE Politics: money.
• JOHN LOCKE Some Considerations of the Consequences of the Lowering of Interest and Raising the Value of Money: natural value of money.
• GEORG HEGEL Iena Real Philosophy: value as a thing.