The latest economic collapse has incited substantial conversation about debt, financialization, and the commodification of everyday life. But what exactly is money?
Making Money: The Philosophy of Crisis Capitalism turns the questions raised in the title into a matter of philosophical rather than economic analysis. Applying the thinking of Slavoj Žižek, Heidegger’s theoretical perspective, Lacanian psychoanalysis to mainstream economic literature, Ole Bjerg (Copenhagen Business School) provides a radical way of looking at the mysterious stuff we use to buy things. It is a theory unfolded in reflections on the nature of monetary phenomena such as financial markets, banks, debt, credit, derivatives, gold, risk, value, price, interests, and arbitrage. The analysis of money is put into an historical context, suggesting that the current financial turbulence and debt crisis are evidence that we live in the age of post-credit capitalism.
By bridging the fields of economics and contemporary philosophy, Bjerg’s work engages in a compelling and illuminating form of intellectual arbitrage regarding the bedrock of capitalism.