The hypostasis of money: an economic point of view

Jean Cartelier

Cambridge Journal of Economics, 2007, vol. 31, issue 2, 217-233

Abstract: The purpose of this article is to show that money is not an entity but hic et nunc a genuine mode of circulation associated with a genuine social organisation. Criticising money hypostasis may help to to: (i) elucidate the ambivalence of monetary relations in our modern society (equivalence and subordination); (ii) criticise the idea that 'primitive monies' are nothing but imperfect forms of our modern money and show that exotic societies are worth studying for themselves; and (iii) relativise the knowledge we have about our societies and to develop comparative analysis. A sketchy comparison between wodani society and ours suggests that an abduction relation exists between money and society. Copyright 2007, Oxford University Press.

Date: 2007
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