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Books > Social sciences > Sociology, social studies > Social institutions > Work & labour
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The Power of Money - How Ideas about Money Shaped the Modern World (Paperback, 1st ed. 2019)
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The Power of Money - How Ideas about Money Shaped the Modern World (Paperback, 1st ed. 2019)
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Innovation in money is just as important as innovation in any other
sphere of activity; money is always a "work in progress." In fact,
history shows societies have tried out a wide diversity of monetary
arrangements. Ideas about money have played key roles at crucial
turning points in world history and during national histories.
Recently, a new global money space has been created, a joint
venture between the public and private sector. This book explores
the new money society that has grown up to inhabit this new space.
The book has several aims: Firstly, the book shows how beliefs
about money, as well as attitudes and values towards it, have
varied between societies and over time, and specifically how they
have changed over the modern era. Secondly, the book shows the
powerful effects that changing ideas have had on events, including
wars and revolutions, recessions, booms and financial crises.
Thirdly, the book recounts the creation of a global money space,
dated to the last quarter of the 20th century, and explores its
features. Fourthly, the book describes some characteristics of the
new money society that inhabits the global money space. Fifthly,
the book shows how each society, and indeed successive generations
of the same society, has made its own unique arrangements to govern
money - i.e. how it comes to terms with the power of money. The
author argues that we need to develop a new arrangement now and
suggests that we have much to learn from recent creative work in a
number of fields ranging from the sociology of money to
contemporary art. This approach sheds new light on a number of
controversial issues, including the rise of crony capitalism,
growing social divisions, currency wars, and asset price bubbles.
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