Commodity money Commodity money Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects that have value in themselves (intrinsic value) as well as value in their use as money. Examples of commodities that have been used as mediums of exchange include gold, silver, copper, salt, peppercorns, tea, large stones (such as Rai stones), decorated belts, shells, alcohol, cigarettes, cannabis, silk, candy, nails, cocoa beans, cowries and barley. These items were sometimes used in a metric of perceived value in conjunction to one another, in various commodity valuation or price system economies.
Commodity form theory buyers and sellers. Contract is both logically the central legal premise on which all other aspects of law are based, and also the highest form of expression of the commodity owning subject. This is because it is the relations of contract that are crucial for commodity production society since the contract is the necessary legal expression of commodity owners' ability to use their commodities in the market. For Pashukanis, all other forms of legal relations in capitalism flow from this. The commodity form of exchange historically precedes the legal system which emerges from it. But it is not merely that