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The Currency of Politics - The Political Theory of Money from Aristotle to Keynes (Hardcover)
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The Currency of Politics - The Political Theory of Money from Aristotle to Keynes (Hardcover)
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Money in the history of political thought, from ancient Greece to
the Great Inflation of the 1970s In the wake of the 2008 financial
crisis, critical attention has shifted from the economy to the most
fundamental feature of all market economies-money. Yet despite the
centrality of political struggles over money, it remains difficult
to articulate its democratic possibilities and limits. The Currency
of Politics takes readers from ancient Greece to today to provide
an intellectual history of money, drawing on the insights of key
political philosophers to show how money is not just a medium of
exchange but also a central institution of political rule. Money
appears to be beyond the reach of democratic politics, but this
appearance-like so much about money-is deceptive. Even when the
politics of money is impossible to ignore, its proper democratic
role can be difficult to discern. Stefan Eich examines six crucial
episodes of monetary crisis, recovering the neglected political
theories of money in the thought of such figures as Aristotle, John
Locke, Johann Gottlieb Fichte, Karl Marx, and John Maynard Keynes.
He shows how these layers of crisis have come to define the way we
look at money, and argues that informed public debate about money
requires a better appreciation of the diverse political struggles
over its meaning. Recovering foundational ideas at the intersection
of monetary rule and democratic politics, The Currency of Politics
explains why only through greater awareness of the historical
limits of monetary politics can we begin to articulate more
democratic conceptions of money.
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