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Everything about Commodity
Fungible item produced to satisfy wants or needs
In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. Wikipedia →
🧭 Start here: a 6-step reading path
- Read the overview: CommodityA 5-minute orientation
- Skim a recent paper: Geopolitical risk and dynamic connectedness between commodity marketsInfluential work since 2022
- Pick up a classic book: PakistanThe most-reprinted book on the subject
- Read the landmark paper: Modeling multiple ecosystem services, biodiversity conservation, commodity production, and tradeoffs at landscape scalesCited 2,110 times
- Go sideways: Commodity (Marxism)A closely related topic
- Go sideways: Use valueA closely related topic
📖 Definitions
Noun Anything movable (a good) that is bought and sold.
Noun Something useful or valuable.
Noun Raw materials, agricultural and other primary products as objects of large-scale trading in specialized exchanges.
Noun Undifferentiated goods characterized by a low profit margin and (usually) fungibility, as distinguished from branded products not wholly fungible.
🗂️ The subject at a glance
🏆 Landmark papers (most cited)
Modeling multiple ecosystem services, biodiversity conservation, commodity production, and tradeoffs at landscape scales
International trade and industrial upgrading in the apparel commodity chain
The pricing of commodity contracts
Chemoselective catalytic conversion of glycerol as a biorenewable source to valuable commodity chemicals
The Stochastic Behavior of Commodity Prices: Implications for Valuation and Hedging
High-performance vitrimers from commodity thermoplastics through dioxaborolane metathesis
A scalable, commodity data center network architecture
Critical advances and future opportunities in upcycling commodity polymers
🆕 Influential since 2022
Geopolitical risk and dynamic connectedness between commodity markets
Geopolitical risk and the systemic risk in the commodity markets under the war in Ukraine
From trash to treasure: Chemical recycling and upcycling of commodity plastic waste to fuels, high-valued chemicals and advanced materials
Trash to Treasure: Photoreforming of Plastic Waste into Commodity Chemicals and Hydrogen over MoS 2 -Tipped CdS Nanorods
Quantile risk spillovers between energy and agricultural commodity markets: Evidence from pre and during COVID-19 outbreak
📚 Books worth reading
PakistanUnited States · 1965
Commodity DerivativesNeil C. Schofield · 2007
Options as a Strategic InvestmentLawrence G. McMillan · 1980
The Complete TurtleTraderMichael W. Covel · 2007
Encyclopedia of Chart PatternsThomas N. Bulkowski · 2000
Market WizardsJack D. Schwager · 1989- 📕Chart patternsBruce M. Kamich · 2009
Modern commodity futures tradingGerald Gold · 1963
Ranked by number of editions on Open Library, a rough measure of how lasting a book is.
🔗 Related topics
- Commodity (Marxism) In classical political economy and especially Karl Marx's critique of political economy, a commodity is any good or service ("products" or "activities")…
- Use value Use-value (German: Gebrauchswert; Nutzwert) or value in use is a concept in classical political economy and Marxist economics. It refers to the tangible…
- Simple commodity production Simple commodity production (German: einfache Warenproduktion, also translated as petty commodity production), is a term coined by Friedrich Engels in…
- Law of value The law of the value of commodities (German: Wertgesetz der Waren), known simply as the law of value, is a central concept in Karl Marx's critique of political…
- Surplus value In Marxian economics, surplus value is the difference between the amount raised through a sale of a product and the amount it cost to manufacture it: i…
- Prices of production Prices of production (or "production prices"; in German Produktionspreise) is a concept in Karl Marx's critique of political economy, defined as "cost-price…
- Socially necessary labour time Socially necessary labour time in Marx's critique of political economy is what regulates the exchange value of commodities in trade. In short, socially…
- Commodity fetishism In Marxist philosophy, commodity fetishism (German: Warenfetischismus) is a belief that social aspects of economic goods are inherent to them, rather than…