1st Edition

Money as a Social Institution The Institutional Development of Capitalism

By Ann Davis Copyright 2017
208 Pages 4 B/W Illustrations
by Routledge

208 Pages 4 B/W Illustrations
by Routledge

208 Pages 4 B/W Illustrations
by Routledge

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... Read more

Chapter One. Introduction and Selected Review of the Literature

Chapter Two. Money as a Social Institution

Chapter Three. The Economy as Labor Exchange Mediated by Money

Chapter Four. Long-Term History of Money and the Market

Chapter Five. Money and the Evolution of Institutions and Knowledge

Chapter Six. Fetishism and Financialization

Chapter Seven. Money and Abstraction

Chapter Eight. Conclusion

Biography

Ann E. Davis is Associate Professor of Economics at Marist College, USA. She serves as the Chair of the Department of Economics, Accounting, and Finance, and was the founding director of the Marist College Bureau of Economic Research, 1990–2005. She was the Director of the National Endowment for Humanities Summer Institute on the “Meanings of Property,” June 2014, and is the author of The Evolution of the Property Relation, 2015.