Logical-Historical Context of Modern Monetary Transformations in the Metaverse

Andrii Grytsenko ()
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Andrii Grytsenko: NAS of Ukraine

A chapter in The Geoeconomics of the International Monetary Order, 2025, pp 129-150 from Springer

Abstract: Abstract The author reveals the logical-historical context of modern monetary transformations. The logic of the historical development of natural-economic, industrial-market, and information-network systems, as well as various forms of exchange and money is shown. The socio-temporal theory of value is based on this methodological basis. In it, value is defined as the spatial localization of the production time of a product, which corresponds to the information-network economy and allows us to understand the movements of value in virtual space. An interpretation of money is given as a representative of value in exchange, which allows us to consider the theory of money as a special commodity, nominalistic and quantitative theories as special cases of the representative theory. The author reveals the forms of representation of money through its objectification, idealization, and virtualization. The trends in the formation of the architectonics of the future monetary system as a component of the hybrid space of the metaverse are shown and the logic of the development of cryptocurrencies is revealed.

Keywords: Monetary transformations; Money; Value; Metaverse; Information-network economy (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-90851-4_5

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DOI: 10.1007/978-3-031-90851-4_5

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