1st Edition

New Approaches to Monetary Theory Interdisciplinary Perspectives

Edited By Heiner Ganßmann Copyright 2011
292 Pages
by Routledge

292 Pages
by Routledge

304 Pages
by Routledge

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... Read more

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 Aydınonat  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

Biography

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