New Approaches to Monetary Theory (eBook, ePUB)

Interdisciplinary Perspectives
Redaktion: Ganßmann, Heiner

• Format: ePub

Produktbeschreibung

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.

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Produktdetails

• Verlag: Taylor & Francis
• Seitenzahl: 304
• Erscheinungstermin: 12. März 2012
• Englisch
• ISBN-13: 9781136820120
• Artikelnr.: 38276961

Autorenporträt

Heiner Ganssmann is Professor Emeritus at the Department of Sociology at the Free University of Berlin, Germany.

Inhaltsangabe

1. Introduction Heiner Ganssmann 2. The Role and the Place of Money and
Credit in the Economy of Ancient Mesopotamia Johannes Renger 3. The Greek
Invention of Money Richard Seaford 4. Explaining the Origin of Money:
Interdisciplinary Perspectives N. Emrah Ayd¿nonat 5. Weber's 'Last Theory
of Capitalism' and Heterodox Approaches to Money and Finance John Smithin
6. Money and Sovereignty: A Comparison between Hobbes and Modern Money
Theory Jean Cartelier 7. Statistical Mechanics Approach to the Probability
Distribution of Money Victor M. Yakovenko 8. Money, Credit and the
Structures of Social Action Heiner Ganssmann 9. Money, Liquidity and Price
Bruce G. Carruthers 10. Understanding Modern Money: How A Sovereign
Currency Works L. Randall Wray 11. Monetary Equivalence and Functionalism:
Implications for Central Banking Dick Bryan and Mike Rafferty 12. From Marx
to Minsky: The Universal Equivalent, Finance to Production and the
Deepening of the Real Subsumption of Labour under Capital Riccardo
Bellofiore 13. Money, Expectations, Physics and Financial Markets:
Paradigmatic Alternatives in Economic Thinking Hansjörg Herr 14. The Second
End of Laissez-Faire: The Bootstrapping Nature of Money and the Inherent
Instability of Capitalism Katsuhito Iwai