Money as a Social Institution: The Institutional Development of Capitalism
- ISBN-10
- 1317369289
- ISBN-13
- 9781317369288
- Category
- Business & Economics
- Pages
- 194
- Language
- English
- Published
- 2017-07-14
- Publisher
- Taylor & Francis
- Author
- Ann E. Davis
Description
Money is usually understood as a valuable object, the value of which is attributed to it by its users and which other users recognize. It serves to link disparate institutions, providing a disguised whole and prime tool for the “invisible hand” of the market. This book offers an interpretation of money as a social institution. Money provides the link between the household and the firm, the worker and his product, making that very division seem natural and money as imminently practical. Money as a Social Institution begins in the medieval period and traces the evolution of money alongside consequent implications for the changing models of the corporation and the state. This is then followed with double-entry accounting as a tool of long-distance merchants and bankers, then the monitoring of the process of production by professional corporate managers. Davis provides a framework of analysis for examining money historically, beyond the operation of those particular institutions, which includes the possibility of conceptualizing and organizing the world differently. This volume is of great importance to academics and students who are interested in economic history and history of economic thought, as well as international political economics and critique of political economy.
Get the book
Similar books
-
The Sociology of Money: Economics, Reason & Contemporary Society
By Nigel DoddThis 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...
-
Deciphering Markets and Money: A Sociological Analysis of Economic Institutions
By Jukka GronowThe question of the comparability and commensuration of economic objects runs through the chapters of the book.
-
The Ontology and Function of Money: The Philosophical Fundamentals of Monetary Institutions
By Leonidas ZelmanovitzThe central thesis of the book is that in order to evaluate monetary policy, one should have a clear idea about the characteristics and functions of money as it evolved and in its current form.
-
The Social Meaning of Money: Pin Money, Paychecks, Poor Relief, and Other Currencies
By Viviana A. ZelizerZelizer concentrates on domestic transactions, bestowals of gifts and charitable donations in order to show how individuals, families, governments, and businesses have all prescribed social meaning to money in ways previously unimagined.
-
Truth, Rationality, Cognition, and Music
By K. Korta, Jesús M. LarrazabalThe less well-known side of meaning collectivism is Bloor's claim that meanings are social institutions. ... Take the social institution of money. What makes a metal disc a coin, that is, an instance of money? Nothing more nor less than ...
-
The Social Institution of Discursive Norms: Historical, Naturalistic, and Pragmatic Perspectives
By Hans Bernhard Schmid, Leo Townsend, Preston StovallThe essays in this collection explore the idea that discursive norms—the norms governing our thought and talk—are profoundly social.
-
The Nature of the Economy: Aristotelian Essays on the Philosophy and Epistemology of Economics
By Ricardo F. CrespoThere is abundant literature arguing that money is a social institution. I agree, as far as a generally shared convention—regardless of its origin and “legal” status—is considered a social institution.19 The specific instantiated money ...
-
Analytic Philosophy in Finland
By Ilkka Niiniluoto, Leila HaaparantaTake the social institution of money . What makes a metal disc a coin , that is , an instance of money ? Nothing more nor less than that a collective treats the metal disc as money , that it talks of it as money , that it uses it as ...
-
How Social Forces Impact the Economy
By Steven Pressman5 Money as a social institution Its historical emergence and political implications Ann E. Davis Introduction Money is often considered a valuable natural object that performs three functions : a means of payment , a unit of account ...
-
Explaining Social Institutions
By Jack Knight, Itai SenedImportant scholars offer new perspectives on the formation and growth of social institutions