1st Edition

Understanding Money
Philosophical Frameworks of Monetary Value

  • Available for pre-order. Item will ship after July 30, 2021
ISBN 9780367202354
July 30, 2021 Forthcoming by Routledge India
148 Pages 1 B/W Illustrations

USD $44.95

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Book Description

This book offers a novel understanding of money by moving away from the dominant lens of economics through which it is usually observed.

In contrast to the economic frameworks of ‘money', the volume examines philosophical discourses on money through conceptual frameworks that explain how monetary value manifests in various empirical monetary systems. It showcases how the increasingly abstract nature of the objects that stand proxy for money could be conceptualized ontologically, highlighting the predominance of digital money today, as well as contemporary monetary innovations such as cryptocurrencies like Bitcoin.

Provocative, yet grounded in a sound theoretical framework, this book will be of interest to scholars, students and teachers interested in money or monetary value, across various domains and disciplines such as philosophy, economics, sociology, anthropology, finance, science and technology studies, as well as the interested general reader.

Table of Contents

1. Economics and the Philosophical Discourse on Money 2. On Conceptual Frameworks and the Role of a Philosophical Discourse on Money 3. Aristotle and the Philosophical Discourse on Money: Ethics, Politics and the Nature of Monetary Value 4. Objects, Money and the Grounds of Monetary Value 5. Money and the Modern Scientific Paradigm 6. The Political Economists, their Critics and the Long Shadow of Aristotle 7. The Traditional Paradigm of Monetary Value and the Philosophical Problems surrounding it 8. Moving Beyond the Substantive Framework of Monetary Value: Voices of Discontentment 9. Origin of Money: The Barter Narrative and the Credit theory of Money 10. Simmel and the Myth of Objective Truths Concerning Monetary Value 11. Money Is What Money Does 12. The constructivist paradigm: how are we to understand monetary value? 13. Substance and Relation: Two Sides of the Same Coin 14. Fleshing out the multi-categorical, constructivist framework for monetary value 15. Why a constructivist framework of monetary value?

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Aditya Nain is an investment consultant with expertise in North American and Indian investments, and is a visiting faculty for philosophy and logic at Symbiosis School for Liberal Arts and FLAME University, India. He has taught an undergraduate course on the Philosophy of Money since 2012 and holds a PhD on the topic from IIT Bombay. His ongoing research is focused on the conceptual understanding of money and value, including contemporary innovations such as Bitcoin and other cryptocurrencies.

P. G. Jung is Associate Professor of Philosophy at the Department of Humanities and Social Sciences, IIT Bombay, India. His area of research and publications may be broadly categorized as falling in the areas of historical tracing of philosophical concepts and in philosophy of language. During 2014-2016, he was a fellow at the Indian Institute of Advanced Studies, Shimla. His forthcoming monograph traces the notion of autonomy in Kant contra Nietzsche.