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Reforming Money to Exit the Crisis: Examples of Non-capitalist Monetary Systems in Theory and Practice

In: Financial Crises and the Nature of Capitalist Money

Author

Listed:
  • Luca Fantacci

Abstract

Money is not a good in itself, but a way to facilitate the exchange of goods. Money is a rule according to which payments are effected. Trade is essentially an exchange of goods for other goods. The exchange of a good for money or credit is only temporary. Eventually, all money is intended to be spent and all debts are intended to be paid.

Suggested Citation

  • Luca Fantacci, 2013. "Reforming Money to Exit the Crisis: Examples of Non-capitalist Monetary Systems in Theory and Practice," Palgrave Macmillan Books, in: Jocelyn Pixley & G. C. Harcourt (ed.), Financial Crises and the Nature of Capitalist Money, chapter 7, pages 124-147, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-30295-3_8
    DOI: 10.1057/9781137302953_8
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    Citations

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    Cited by:

    1. Biondi Yuri, 2018. "Banking, Money and Credit: A Systemic Perspective," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 8(2), pages 1-26, July.
    2. Simon Papaud, 2022. "Mutual credit systems: anti-crisis remedy or anticapitalist monetary device? From Proudhon’s People’s Bank to the WIR Bank – trading without hoarding? [Les systèmes de crédit mutuel, remède anti-cr," Working Papers hal-04084716, HAL.
    3. Luigi Doria & Luca Fantacci, 2018. "Evaluating complementary currencies: from the assessment of multiple social qualities to the discovery of a unique monetary sociality," Quality & Quantity: International Journal of Methodology, Springer, vol. 52(3), pages 1291-1314, May.

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