This volume provocatively rethinks the economics, politics and sociology of money and examines the classic question of what is money. Starting from the two dominant views of money, as neutral instrument and as social relation, What is Money? presents a thematic, interdisciplinary approach which points to a definitive statement on money.
Bringing together a variety of neclassical and heterodox perspectives, this work collects the latest thinking of some of the best-known economics scholars on the question of money. The contributors are Victoria Chick, Kevin Dowd, Gilles Dostaler, Steve Fleetwood, Gunnar Heinsohn, Geoff Ingham, Peter Kennedy, Peter G. Klein, Bernard Maris, Scott Meikle, Alain Parguez, Colin Rodgers, T.K.Rymes, Mario Seccarreccia, George Selgin, Otto Steiger, John Smithin and L. Randall Wray.
Table of Contents
1. What is Money?: Introduction 2.'Babylonian Madness': On the Historical and Sociological Origins of Money 3. Modern Money 4. The Property Theory of Interest and Money 5. The Credit Theory of Money: The Monetary Circuit Approach 6. Money and Effective Demand 7. The Invisible Hand and the Evolution of the Monetary System 8. Aristotle on Money 9. A Marxist Theory of Commodity Money Revisited 10. A Marxist Account of the Relationship between Commodity Money and Symbolic Money in the Context of Contemporary Capitalist Development 11. Menger's Theory of Money: Some Experimental Evidence 12. Dr Freud and Mr Keynes on Money and Capitalism 13. The Disappearance of Keynes's Nascent Theory of Banking between the Treatise and the General Theory