Tag Archives: money

What is Money?

“Money is not a “mere voucher for unspecified utilities”, which could be altered at will without any fundamental effect on the character of the price system as a struggle of man against man. “Money” is, rather, primarily a weapon in … Continue reading

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Fictionalizing the Economy and Reviewing Imagined Futures of Capitalism

by Lars Crusefalk* In the book Imagined Futures – Fictional Expectations and Capitalist Dynamics, a leading economic sociologist Jens Beckert argues that social scientists need to put more emphasis on how actors in modern capitalistic societies handle uncertainty in relation to … Continue reading

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“I listen to money singing… It is intensely sad.”

  “Money”, by  Philip Larkin  Quarterly, is it, money reproaches me: ‘Why do you let me lie here wastefully? I am all you never had of goods and sex. You could get them still by writing a few cheques.’ So … Continue reading

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Value and its enigmas: from stained cloths to matrimonial alliances

(A post by André Vereta Nahoum) Since the days economics was basically a British endeavour, the production of value (and price formation) has been one of the most fiercely debated topics of the discipline. Such is the centrality of the issue … Continue reading

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Songs of Society and Market

We are very glad to roll out a new section on the Economic Sociology and Political Economy community blog: Songs of Society and Market. Given the centrality of economic transactions to our lives, it is no surprise that they constitute a common motive … Continue reading

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Baudrillard on money, speculation and the self-destabilization of markets

Jean Baudrillard: “There is something much more shattering than inflation, however, and that is the mass of floating money whirling about the Earth in an orbital rondo. Money is now the only genuine artificial satellite. A pure artifact, it enjoys … Continue reading

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The alienated consciousness, dehumanized human nature and capitalism

Norman O. Brown, a brilliant American scholar and social philosopher: “The alienated consciousness is correlative with a money economy. Its root is the compulsion to work. This compulsion to work subordinates man to things, producing at the same time confusion in the valuation of … Continue reading

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Thomas Piketty: “Take a serious interest in money… Those who have a lot of it never fail to defend their interests.”

These are Thomas Piketty’s  last words in his groundshaking Capital in the Twenty-First Century. Our community – the Economic Sociology and Political Economy global academic community – proudly fulfills their meaning: “All social scientists, all journalists and commentators, all activists in … Continue reading

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Money is a mode of governance in a material world of capitalism

Money travels the modern world in disguise. It looks like a convention of human exchange – a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution … Continue reading

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What is money? Who makes it? Can we understand the current state of the economy as a crisis of money itself?

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 … Continue reading

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