verðmyndum
Verðmyndir is Icelandic for price forms, a term used in political economy to describe the social forms in which value is expressed as prices within a capitalist market. The concept distinguishes between value, understood as the socially necessary labor time embodied in a commodity, and price, the monetary expression of that value in exchange.
In Marxist theory, the price form develops as commodities are traded and money emerges as a universal
Price formation is rooted in production relations, property relations, and credit, and it is shaped by market
In Icelandic scholarship, the idea is employed to study how prices embody social relations and how monetary