The Twofold Character of the Labor Embodied in Commodities
Marx takes into consideration a coat and the material that makes a coat. There are two professions that are involved with this example. Weaving and Tailoring. The weaver makes the cloth and the tailor sows up a coat.
What Marx wants to point out that at a given time a coat might be twice as much as the linen involved in making it. But the EXCHANGE VALUE of the coat is not dependent on the cloth. The EXCHANGE VALUE of the coat is strictly the amount of coats available. Marx attributes this number to the efficiency of labor. So if the price of cloth goes up, but the tailors make more coats, the EXCHANGE VALUE of coats will decrease.
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