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Books > Business & Economics > Economics > Macroeconomics > Monetary economics
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A Political Theory of Money (Hardcover)
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A Political Theory of Money (Hardcover)
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Understanding money's nature as political, institutional, and
material answers today's big money questions. Money remains a
foundational question of social theory. What is money? Why does
something so insubstantial have value? How do money systems make
promises function like valuable things? Why are money systems
always hierarchical yet variable? The answer, the book argues, is
politics. Money is institutionalised social power. Politics
generates institutions that differentially lock into the future
product of political and economic collectives. Money emerges from
the institutionalisation of social antagonisms to encapsulate a
collective's productive potential in a flexible, tradable
instrument. This takes a system. Money is built in hierarchical
layers out of the inherently variable material of politics and at
various economic scales. This book outlines these variable
processes theoretically and through case studies.
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