A critique of Lawson’s ‘Social positioning and the nature of money’

A reconsideration of the micro-foundations of money

Geoffrey Ingham

Cambridge Journal of Economics, 2018, vol. 42, issue 3, 837-850

Abstract: This article challenges Tony Lawson’s claim (Lawson, 2016) that his ontology of money as the ‘social positioning’ of ‘prior value’ is more sustainable than prominent existing theories and is able therefore to reconcile their putative incompatibility.

Keywords: Commodity; Credit; Economics; Methodenstreit; Money; Social ontology; Sociology (search for similar items in EconPapers)
Date: 2018
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