The Nature Of Money

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The Nature Of Money

Author : Geoffrey Ingham
ISBN : 9780745638034
Genre : Social Science
File Size : 20.78 MB
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In this important new book, Geoffrey Ingham draws on neglected traditions in the social sciences to develop a theory of the ‘social relation’ of money. Genuinely multidisciplinary approach, based on a thorough knowledge of theories of money in the social sciences An original development of the neglected heterodox theories of money New histories of the origins and development of forms of money and their social relations of production in different monetary systems A radical interpretation of capitalism as a particular type of monetary system and the first sociological outline of the institutional structure of the social production of capitalist money A radical critique of recent writing on global e-money, the so-called ‘end of money’, and new monetary spaces such as the euro.
Category: Social Science

Modern Theories Of Money

Author : Louis-Philippe Rochon
ISBN : 1781008418
Genre : Business & Economics
File Size : 89.24 MB
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'This is a timely book. Being on modern theories of money - essentially the study of traditions of endogenous money - it is a welcome contribution to current thinking on monetary policy. The modern central bank view on money is that the rate of interest should be manipulated by central banks to achieve an inflation target with the money supply being the "residual". Although money is in effect endogenous, there is no theory that explains its behaviour. Modern Theories of Money is a serious attempt to sharpen existing views on the issue and fill gaps in an admirable manner.' - Philip Arestis, University of Cambridge, UK and Levy Economics Institute, US This book unites diverse heterodox traditions in the study of endogenous money - which until now have been confined to their own academic quarters - and explores their similarities and differences from both sides of the Atlantic. Bringing together perspectives from post-Keynesians, Circuitists and the Dijon School, the book continues the tradition of Keynes's and Kalecki's analysis of a monetary production economy, emphasising the similarities between the various approaches, and expanding the analytical breadth of the theory of endogenous money. The authors open new avenues for monetary research in order to fuel a renewed interest in the nature and role of money in capitalist economies, which is, the authors argue, one of the most controversial, and therefore fascinating, areas of economics.
Category: Business & Economics

Money

Author : Geoffrey Ingham
ISBN : 1509526811
Genre : Political Science
File Size : 71.36 MB
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Few economic phenomena provoke as much confusion as money. From the first measures of value and the physical coins that circulated at the dawn human civilization to the era of ‘virtual’ money transmitted through cyberspace, it is ubiquitous and hugely important, yet economists cannot even agree on what it is. In this pithy, accessible book, Geoffrey Ingham cuts through this tangled web of debate to bring rare clarity. Ingham begins by examining the fundamental debate over the nature of money: is it fundamentally a natural, ‘neutral’ measure of pre-existing value produced by ‘real’ economic forces? Or is it a socially produced and politically manipulated force that creates new value? He proceeds to trace the import of these competing views for how we understand our contemporary monetary systems and their practical and policy-related implications, from their role in financial crises to proposals for reform. Students of political economy, economic sociology and monetary economics will find this book an invaluable primer, as will general readers wishing to understand how money shapes their lives, from the cash in their pocket to the numbers on their computer screen.
Category: Political Science

Money Bible

Author : Soloinc Logic
ISBN : 9798645358396
Genre :
File Size : 29.88 MB
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Book of Variothoughts series "Money Bible". The wisdom of millionaires can't help mere mortals like us. It's easier for a lion to be the monarch of all beasts, but we're mostly interested how a rabbit can be the monarch. The book is useful and fresh in thoughts. Spirit of Money helps its readers to feel the nature of money and learn to understand its desires and goals. Pieces of advice given in the book are simple and utible. It's easy to put them into real life practice.***The main feature of the books "Variothoughts" is their unprecedented honesty and versatility. No censorship of thoughts, absolute freedom of ideas and words. Variothoughts is a guide to the labyrinths of thought. Concentrate of information. Time is money. Secret knowledge, forbidden and lost wisdom. Thoughts that will forever change your understanding of life. Knowledge is power.***Variothoughts is a book for those who save their time. Ready-made Lego cubes used to put together any ideas and goals. The DNA and RNA of thought. Variothoughts books should be read slowly, chewing every thought carefully. Truth is that which has extension properties, and falsehood is pride, that is, an avid rush.***The reader is offered a thematic set of Syntalism thoughts, aphorisms and metaphors on the topic indicated in the title of the book. The meaning of Variothoughts is the search for 3D truth. The knowledge of truth comes through the denial of lies, which are infinite, so the act of faith associated with the knowledge of truth is an infinite source of joy and strength. Great thing the truth? Great thing a lie?***Attention! The book was published in the author's version. The book contains many strange thoughts, fictitious words and non-standard speech forms.
Category:

Credit And State Theories Of Money

Author : L. Randall Wray
ISBN : 1843769840
Genre : Business & Economics
File Size : 87.78 MB
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In 1913 and 1914, A. Mitchell Innes published a pair of articles that stand as two of the best pieces written in the twentieth century on the nature of money. Only recently rediscovered, these articles are reprinted and analyzed here for the first time.
Category: Business & Economics

The Sociology Of Money

Author : Nigel Dodd
ISBN : UOM:39015032840004
Genre : Social Science
File Size : 67.71 MB
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This is the first systematic sociological discussion of one of the most important of modern institutions: money. It demonstrates the immense significance of monetary systems in modern societies and considers why sociologists have been so slow to address this issue. Nigel Dodd, a sociologist by training, analyzes differing conceptions of the nature of money in economics, sociology, and anthropology, and subjects each of these to a systematic critique. He covers the main debates in economic theory, but concentrates special attention on the role of money in the work of such prominent social theorists as Simmel, Parsons, Habermas, and Giddens. None of these writers, Dodd concludes, offers a satisfactory account of the character or significance of money in modern societies. And so he offers a new interpretation of the nature of monetary transactions: one with far-reaching implications for social and economic analysis. Interdisciplinary in nature, The Sociology of Money will be of interest to those working in the fields of economics, social theory, sociology, and anthropology, and all those wishing to gain a better understanding of this dominant, but neglected, social institution.
Category: Social Science

Financial Crises And The Nature Of Capitalist Money

Author : Jocelyn Pixley
ISBN : 9781137302953
Genre : Political Science
File Size : 88.12 MB
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This volume is a debate about a sociology and economics of money: a form of positive trespassing. It is unique in being written by scholars of both disciplines committed to this mutual venture and in starting from the original groundwork laid by Geoffrey Ingham. The contributors look critically at money's institutions and the meanings and history of money-creation and show the cross cutting purposes or incommensurable sides of money and its crises. These arise from severe tensions and social conflicts about the production of money and its many purposes. We demonstrate the centrality of money to capitalism and consider social disorders since the 2007 crisis, which marks the timeliness and need for dialogue. Both disciplines have far too much to offer to remain in the former, damaging standoff. While we are thankful to see a possible diminution of this split, remnants are maintained by mainstream economic and sociological theorists who, after all the crises of the past 30 years, and many before, still hold to an argument that money really does not 'matter'. We suggest, to many different and interested audiences, that since money is a promise, understanding this social relation must be a joint though plural task between economics and sociology at the very least.
Category: Political Science

The Magical State

Author : Fernando Coronil
ISBN : 0226116026
Genre : Business & Economics
File Size : 54.60 MB
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In 1935, after the death of dictator General Juan Vicente Gómez, Venezuela consolidated its position as the world's major oil exporter and began to establish what today is South America's longest-lasting democratic regime. Endowed with the power of state oil wealth, successive presidents appeared as transcendent figures who could magically transform Venezuela into a modern nation. During the 1974-78 oil boom, dazzling development projects promised finally to effect this transformation. Yet now the state must struggle to appease its foreign creditors, counter a declining economy, and contain a discontented citizenry. In critical dialogue with contemporary social theory, Fernando Coronil examines key transformations in Venezuela's polity, culture, and economy, recasting theories of development and highlighting the relevance of these processes for other postcolonial nations. The result is a timely and compelling historical ethnography of political power at the cutting edge of interdisciplinary reflections on modernity and the state.
Category: Business & Economics

Theology Of Money

Author : Philip Goodchild
ISBN : 0822392550
Genre : Religion
File Size : 30.93 MB
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Theology of Money is a philosophical inquiry into the nature and role of money in the contemporary world. Philip Goodchild reveals the significance of money as a dynamic social force by arguing that under its influence, moral evaluation is subordinated to economic valuation, which is essentially abstract and anarchic. His rigorous inquiry opens into a complex analysis of political economy, encompassing markets and capital, banks and the state, class divisions, accounting practices, and the ecological crisis awaiting capitalism. Engaging with Christian theology and the thought of Carl Schmitt, Georg Simmel, Karl Marx, Adam Smith, and many others, Goodchild develops a theology of money based on four contentions, which he elaborates in depth. First, money has no intrinsic value; it is a promise of value, a crystallization of future hopes. Second, money is the supreme value in contemporary society. Third, the value of assets measured by money is always future-oriented, dependent on expectations about how much might be obtained for those assets at a later date. Since this value, when realized, will again depend on future expectations, the future is forever deferred. Financial value is essentially a degree of hope, expectation, trust, or credit. Fourth, money is created as debt, which involves a social obligation to work or make profits to repay the loan. As a system of debts, money imposes an immense and irresistible system of social control on individuals, corporations, and governments, each of whom are threatened by economic failure if they refuse their obligations to the money system. This system of debt has progressively tightened its hold on all sectors and regions of global society. With Theology of Money, Goodchild aims to make conscious our collective faith and its dire implications.
Category: Religion

The Philosophy Of Money

Author : Georg Simmel
ISBN : 9780415341721
Genre : Business & Economics
File Size : 45.85 MB
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This revised edition of the first complete translation of the seminal work 'Die Philosophie des Geldes' by Georg Simmel includes a new preface by David Frisby.
Category: Business & Economics

Modern Money Theory

Author : L. Randall Wray
ISBN : 9780230368880
Genre : Business & Economics
File Size : 20.80 MB
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In recent years a new approach to macroeconomics has been developed that challenges conventional wisdom and uncovers how money 'works' in the modern economy. This book synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations. Randall Wray addresses the pressing issues of how misunderstandings about the nature of money have caused the current global financial meltdown, and provides fresh ideas about how policymakers around the world should address the continued weaknesses in their economies.
Category: Business & Economics

On The Role Of Paradigms In Finance

Author : Professor Kavous Ardalan
ISBN : 9781409487791
Genre : Business & Economics
File Size : 31.13 MB
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Social theory can usefully be conceived in terms of four key paradigms: functionalist, interpretive, radical humanist and radical structuralist. The four paradigms are founded upon different assumptions about the nature of society and each generates distinctive theories, concepts and analytical tools. Finance theory is based on the functionalist paradigm and for the most part finance theorists are unaware of the philosophical tradition to which they belong. By relating finance to the four paradigms, Ardalan's work offers a concise understanding of the multifaceted nature of finance. He recommends theorists adopt a diversity of paradigms and discusses its benefits by application to the following phenomena: the development of academic finance, the mathematical language of academic finance, the mathematics of academic finance, money, corporate governance, markets, technology and education.
Category: Business & Economics

Money And Payments In Theory And Practice

Author : Sergio Rossi
ISBN : 9781134190799
Genre : Business & Economics
File Size : 90.38 MB
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International in scope and written by a leading young Post-Keynesian economist, this book focuses on the working of money and payments in a multi-bank settlement system within which banks and non-bank financial institutions have been expanding their operations outside their countries of incorporation. Departing from conventionally held beliefs, Sergio Rossi sets off from a positive analysis of the logical origin of money, which is the essential principle of double-entry book-keeping through which banks record all debts and credits for further reference and settlement and provides theoretical and empirical advances in explaining money endogeneity for the investigation of contemporary domestic and international monetary issues. Showing that both money and banking have profound implications for real economic activities, this innovative work is essential reading, not only for scholars in monetary economics, but also for professionals concerned with monetary policy and payments system issues.
Category: Business & Economics

New Approaches To Monetary Theory

Author : Heiner Ganßmann
ISBN : 9781136820120
Genre : Business & Economics
File Size : 29.26 MB
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Everybody uses money every day, but we rarely stop to think about how money works. In this book, scholars from different disciplines seek to answer that question; from historians to economists, sociologists, a philosopher and a physicist. Money works as a social construction because we have mutual expectations that support its use – despite the seeming irrationality of trading valuable things or doing strenuous work for pieces of paper or numbers in accounts. Recently, there has been a revival of interest in monetary theory, not least because the impacts of globalizing markets and of new communication and information technologies have changed the forms of money. The deep crisis of the financial system has demonstrated the importance of a functioning monetary system and although renewed interest in this has led to significant contributions in various fields, it remains true that no social science discipline on its own is sufficiently equipped to explain the basic workings of monetary systems, their rapid innovation and their effects on social, economic and political structures. The contributors to this book report on their latest research on the origins of money, on the nature of monetary transactions, on money and the state, and on the role of money and finance in the recent global crisis. They show how established theories of money and the policies guided by these theories went wrong. This collection will be a valuable resource for students and researchers seeking a deeper understanding of money.
Category: Business & Economics

The Legacy Of John Kenneth Galbraith

Author : STEVEN PRESSMAN
ISBN : 9781317982043
Genre : Business & Economics
File Size : 63.12 MB
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When John Kenneth Galbraith passed away on April 29, 2006, the economics profession lost one of its true giants. And this is not just because Galbraith was an imposing figure at 6 feet, 9 inches tall. Throughout his life, Galbraith advised Presidents, made important professional contributions to the discipline of economics, and also tried to explain economic ideas to the general public. This volume pays tribute to Galbraith’s life and career by explaining some of his major contributions to the canon of economic ideas. The papers describe the series of unique contributions that Galbraith made in many different areas. He was a founder of the Post Keynesian view of money, and a proponent of the Post Keynesian view that price controls were necessary to deal with the problem of inflation in a modern economy where large firms already control prices and prices are not determined by the market. He promulgated the view that firms manipulate individual preferences and tastes, through advertising and other means of persuasion, and he drew out the economic implications of this view. He was a student of financial frauds and euphoria, and a forerunner of the Post Keynesian/Minskean view of finance and how financial markets really work. This book was published as a special issue of the Review of Political Economy.
Category: Business & Economics

A Handbook Of Alternative Monetary Economics

Author : Philip Arestis
ISBN : 9781847202802
Genre : Business & Economics
File Size : 26.35 MB
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Consists of over 30 major contributions that explore a range of work on money and finance. The contributions in this handbook cover the origins and nature of money, detailed analyses of endogenous money, surveys of empirical work on endogenous money and the nature of monetary policy when money is endogenous.
Category: Business & Economics

Money Can Heal

Author : Siegfried E. Finser
ISBN : 9780880109321
Genre : Body, Mind & Spirit
File Size : 38.7 MB
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The inspiring story of how the Rudolf Steiner Foundation came to be such an extraordinary pioneer in conscious finance, locally and globally. You will never see money in the same way after reading this ground-breaking book. - Hazel Henderson, author, Ethical Markets: Growing The Green Economy.
Category: Body, Mind & Spirit

Inquiries Into The Nature Of Slow Money

Author : Woody Tasch
ISBN : 9781603581127
Genre : Business & Economics
File Size : 39.8 MB
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Could there ever be an alternative stock exchange dedicated to slow, small, and local? Could a million American families get their food from CSAs? What if you had to invest 50 percent of your assets within 50 miles of where you live?Such questions-at the heart of slow money-represent the first steps on our path to a new economy. Inquiries into the Nature of Slow Money presents an essential new strategy for investing in local food systems and introduces a group of fiduciary activists who are exploring what should come after industrial finance and industrial agriculture. Theirs is a vision for investing that puts soil fertility into return-on-investment calculations and serves people and place as much at it serves industry sectors and markets. Leading the charge is Woody Tasch-whose decades of work as a venture capitalist, foundation treasurer, and entrepreneur now shed new light on a truer, more beautiful, more prudent kind of fiduciary responsibility. He offers an alternative vision to the dusty old industrial concepts of the nineteenth and twentieth centuries when dollars, and the businesses they financed, lost their connection to place; slow money, on the other hand, is firmly rooted in the new economic, social, and environmental realities of the 21st century. Inquiries into the Nature of Slow Money is a call to action for designing capital markets built around not extraction and consumption but preservation and restoration. Is it a movement or is it an investment strategy? Yes.
Category: Business & Economics

Money Unmade

Author : David Woodruff
ISBN : 0801486947
Genre : History
File Size : 83.27 MB
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Since the collapse of the Soviet Union, Russians have seen the ruble steadily lose ground to alternative means of payment such as barter and privately issued quasi-monies. Industry now collects as much as 70 percent of its receipts in nonmonetary form, leaving many firms with too little cash to pay salaries and taxes. In this ground-breaking book on the Russian economy, David Woodruff argues that Moscow's inability to control the nation's currency is not a carry-over from the Soviet past. Rather, the Russian government has failed to build the administrative capacity and political support demanded by monetary consolidation--a neglected but crucial aspect of capitalist statebuilding. Drawing on a vast array of empirical evidence, Woodruff shows how the widespread use of barter arose as local authorities tried to protect industry against the destructive effects of price increases and crude tax and accounting systems. As businesses fled or were driven from the money economy, provincial governments invented new ways to tax in kind and issued substitutes for the ruble. In turn, the federal authorities, unable to coerce firms either to operate in the money economy or to abandon business altogether, were forced to make accommodations to barter and to ruble alternatives. Woodruff describes the enormous fiscal difficulties that resulted and recounts the intense political battles over attempts to address the problem. Through an overview of monetary consolidation in other nations, Woodruff demonstrates that the struggles of the new Russian state have much to teach us about the political history of money worldwide. Sovereignty over money cannot, he argues, be imposed by government on a recalcitrant society. Nor can it be assumed as a by-product of disciplined policies aimed at market reform. Monetary consolidation is, at heart, a political achievement requiring political support.
Category: History