Rethinking money

Jean- François Ponsot

Chapter 6 in A Modern Guide to Rethinking Economics, 2017, pp 114-128 from Edward Elgar Publishing

Abstract: This chapter shows that money is more than a purely economic instrument and has consequences for the whole of society. It identifies three perspectives that better reflect the complexity of money: a macroeconomic perspective, based on the post-Keynesian endogeneity of money; an institutionalist perspective identifying money as a social link; a political-economy perspective treating money as an instrument of power and conflicts. Highlighting this three-dimensional nature of money allows us to understand the proliferation of monetary innovations and contestations in the recent past (local currencies, crypto-currencies and so on) that have emerged to challenge the established monetary order and try to reappropriate money.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2017
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