Rethinking money
Jean-François Ponsot
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Jean-François Ponsot: CREG - Centre de recherche en économie de Grenoble - UGA [2016-2019] - Université Grenoble Alpes [2016-2019]
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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: money; political economy; institutionalism; monetary innovation (search for similar items in EconPapers)
Date: 2017
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Published in Rochon, L.-P.; Rossi, S. A modern guide to rethinking economics, Edward Elgar, pp.114-128, 2017, ⟨10.4337/9781784717216.00015⟩
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01593002
DOI: 10.4337/9781784717216.00015
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