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Rethinking money

Author

Listed:
  • Jean-François Ponsot

    (CREG - Centre de recherche en économie de Grenoble - UGA [2016-2019] - Université Grenoble Alpes [2016-2019])

Abstract

This chapter shows that money is more than a purely economic instrument and has consequences for the whole of society. It identifies three perspectives that better reflect the complexity of money : a macroeconomic perspective, based on the post-Keynesian endogeneity of money; an institutionalist perspective identifying money as a social link ; a political-economy perspective treating money as an instrument of power and conflicts. Highlighting this three-dimensional nature of money allows us to understand the proliferation of monetary innovations and contestations in the recent past (local currencies, crypto-currencies and so on) that have emerged to challenge the established monetary order and try to reappropriate money.

Suggested Citation

  • Jean-François Ponsot, 2017. "Rethinking money," Post-Print halshs-01593002, HAL.
    • Handle: RePEc:hal:journl:halshs-01593002
    DOI: 10.4337/9781784717216.00015
    as

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