On the newly created demonetization.it mailing list (see demonetize.it), a hot debate on money and value started. As it went along, I thought it would be helpful to differentiate separate notions of value. This might refine our understanding of both the crisis and the way out of it: demonetization. The linguistic field of value as it appears in everyday language could be differentiated into four distinct concepts which are interrelated:

1. value
2. exchange value
3. use value
4. price

(mehr …)