Karl Polanyi on Money

Jérôme Maucourant ()
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Jérôme Maucourant: TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique

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Abstract: Money was not born of the necessities of market exchange, according to Polanyi. The prejudice of the ``catallactic triad'', which necessarily associates foreign trade, money and markets, has no basis. This fruitful hypothesis reconciles history and logic. Mobilizing anthropological and historical materials from a comparative perspective, Polanyi demonstrates that money is an important institution of most societies, also regarding the construction of social status and the state. As to the market society, Polanyi demonstrates that money, even if fictitiously transformed into a commodity, is an institution that performs fundamental economic, political and symbolic functions.

Keywords: Karl; Polanyi (search for similar items in EconPapers)
Date: 2024
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Published in Cangiani, Michele; Thomasberger, Claus. The Routledge Handbook on Karl Polanyi, Routledge, pp.206-216, 2024, 978-1-00-333674-7. ⟨10.4324/9781003336747-22⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-04468226

DOI: 10.4324/9781003336747-22

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