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Money in the Dutch Republic : everyday practice and circuits of exchange
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ISBN: 1009106376 1009116673 1009098845 1009116479 Year: 2022 Publisher: Cambridge : Cambridge University Press,

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The Dutch Republic was an important hub in the early modern world-economy, a place where hundreds of monies were used alongside each other. Sebastian Felten explores regional, European and global circuits of exchange by analysing everyday practices in Dutch cities and villages in the period 1600-1850. He reveals how for peasants and craftsmen, stewards and churchmen, merchants and metallurgists, money was an everyday social technology that helped them to carve out a livelihood. With vivid examples of accounting and assaying practices, Felten offers a key to understanding the internal logic of early modern money. This book uses new archival evidence and an approach informed by the history of technology to show how plural currencies gave early modern users considerable agency. It explores how the move to uniform national currency limited this agency in the nineteenth century and thus helps us make sense of the new plurality of payments systems today.


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Democratizing money? : debating legitimacy in monetary reform proposals
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ISBN: 1108169120 1108164390 1108173926 1107195810 1316646963 Year: 2018 Publisher: Cambridge : Cambridge University Press,

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A lack of confidence in monetary institutions after the recent financial crash has led to a resurgence of public debate on the topic of monetary reform, reaching a level of political prominence unprecedented since the period after the Great Depression. Whether privatizing money with Bitcoin, regionalizing it with regional currencies, or turning it into a state monopoly with either sovereign money or 'Modern Monetary Theory, the only economic utopians able to draw public attention in our post-crash world seem to be monetary reformers. Weber provides the first proper economic analysis of these modern monetary reform proposals, exposing their flaws and fallacies through critical examination. From academics studying the political economy of finance to economic sociologists studying financial institutions, this book will appeal to scholars and students interested in monetary reform proposals and the viability of alternative currency systems, and more broadly, readers seeking a contemporary understanding of what money is and how it works today.


Book
Swiss monetary history since the early 19th century
Authors: ---
ISBN: 1108196241 1108195040 1108197450 1108203450 1108185525 1108198651 1107199301 1316648796 Year: 2017 Publisher: Cambridge : Cambridge University Press,

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This book describes the remarkable path which led to the Swiss Franc becoming the strong international currency that it is today. Ernst Baltensperger and Peter Kugler use Swiss monetary history to provide valuable insights into a number of issues concerning the organization and development of monetary institutions and currency that shaped the structure of financial markets and affected the economic course of a country in important ways. They investigate a number of topics, including the functioning of a world without a central bank, the role of competition and monopoly in money and banking, the functioning of monetary unions, monetary policy of small open economies under fixed and flexible exchange rates, the stability of money demand and supply under different monetary regimes, and the monetary and macroeconomic effects of Swiss Banking and Finance. Swiss Monetary History since the Early 19th Century illustrates the value of monetary history for understanding financial markets and macroeconomics today.


Book
Money and moralities in contemporary Asia
Authors: ---
ISBN: 9048543150 9463723102 9789048543151 Year: 2020 Publisher: Amsterdam : Amsterdam University Press,

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Money and Moralities in Contemporary Asia provides original, nuanced insights into social meanings of money and wealth in moral economies of Asia. Through case studies from South and Southeast Asia, the collection sheds important light on how the new mobilities and wealth created by neoliberal globalization transform people's ways of life, notions of personhood, and their meaning making of the world. It highlights the moral dilemmas and anxieties emerging from the profound socio-economic transformations that are taking place across the region and deepens our understanding of local cultures as well as the inner contradictions of global capital in Asian contexts. With rich ethnographic insights and a diverse range of empirical contexts, chapters in this volume reveal multifaceted complexities and contradictions in the relationship between money and moralities. Money, they affirm, is not an impersonal, objective economic instrument with homogenizing powers but a culturally constructed and socially mediated currency in which meanings are constantly contested and re-negotiated across time and space.


Book
Minting, state, and economy in the Visigothic kingdom : from settlement in Aquitane through the first decade of the Muslim conquest of Spain
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ISBN: 9048531306 9462981647 Year: 2020 Publisher: Amsterdam : Amsterdam University Press,

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This study of the Visigothic kingdom monetary system in southern Gaul and Hispania from the fifth century through the Muslim invasion of Spain fills a major gap in the scholarship of late antiquity. Examining all aspects of the making of currency, it sets minting in relation to questions of state - monarchical power, administration and apparatus, motives for money production - and economy. In the context of the later Roman Empire and its successor states in the west, the minting and currency of the Visigoths reveal shared patterns as well as originality. The analysis brings both economic life and the needs of the state into sharper focus, with significant implications for the study of an essential element in daily life and government. This study combines an appreciation for the surprising level of sophistication in the Visigothic minting system with an accessible approach to a subject which can seem complex and abstruse.


Book
The origins of money in the Iron Age Mediterranean world
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ISBN: 9781108971652 9781108838580 9781108975322 1108981569 1108986110 1108975321 1108838588 Year: 2021 Publisher: Cambridge : Cambridge University Press,

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Color versions of select print images available on the Resources tab (or here: www.cambridge.org/heymans). This book shows how money emerged and spread in the eastern Mediterranean, centuries before the invention of coinage. While the invention of coinage in Ancient Lydia around 630 BCE is widely regarded as one of the defining innovations of the ancient world, money itself was never invented. It gained critical weight in the Iron Age (ca. 1200 - 600 BCE) as a social and economic tool, most dominantly in the form of precious metal bullion. This book is the first study to comprehensively engage with the early history of money in the Iron Age Mediterranean, tracing its development in the Levant and the Aegean. Building on a detailed study of precious metal hoards, Elon D. Heymans deploys a wide range of sources, both textual and material, to rethink money's role and origins in the history of the eastern Mediterranean.


Book
Accounting for the fall of silver : hedging currency risk in long-distance trade with Asia, 1870-1913
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ISBN: 019189740X 019263416X 0192634178 Year: 2020 Publisher: Oxford, England : Oxford University Press,

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Michael Schiltz analyses the efforts by nineteenth century banking to mitigate the effects of the depreciation of silver. He shows that strategies for hedging exchange rate risk were created earlier than traditionally thought, and explores the relationship between Great-Britain and its colonies in Asia, and the rise of Japan as a financial power.


Book
Communication and economic life
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ISBN: 0745687032 0745687059 0745687024 9780745687025 0745687016 9780745687018 Year: 2022 Publisher: Cambridge : Polity Press,

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When we talk about media and the economy, 'the economy' is usually understood as the macro economy or GDP, while 'the media' usually refers to television and print news, or the digital output of mainstream news providers. But communication about money and the economy in everyday life is far more wide-ranging than this. It is also changing: opportunities to discuss economic matters - whether public or personal - have proliferated online, while new payment systems and shopping platforms embed economic behaviour more deeply into communications infrastructures. Challenging earlier narrow definitions, this ambitious book offers a new framework for thinking about the role of communication in our economic lives. Foregrounding the broader category of communicative practices, the book understands economic life not only in terms of the macro economy, but more sociologically as a set of processes of providing for material wants and needs. How we talk about these wants and needs, and our means for meeting them, is how we come to understand our economic lives as meaningful. The book explores how our economic lives are constructed communicatively in a variety of modes that move through, but also exceed, mass media - from the symbolism of credit cards to the language used by economists, and from social media promotion to debates in online forums. Communication and Economic Life is a vital resource for students and scholars in media and communications and sociology, and for anyone interested in how we talk about economic lives. --


Book
Inventing value : the social construction of monetary worth
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ISBN: 1009199358 1009199366 1009199331 Year: 2022 Publisher: Cambridge : Cambridge University Press,

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Value is central to the market sectors of the contemporary economy, yet the best-established theories of value fail to expose how it operates and how it is manipulated for profit. This book begins to reconstruct the theory of value. In one sense, it argues, value is a personal assessment of worth, but those assessments draw deeply on normative standards. The book examines those standards and how they are formed, transformed and supported by the construction of new social structures. The empirical evidence comes from contemporary financial examples: the mortgage-backed securities that caused the global crash of 2008, how venture capitalists secure outrageous valuations for so-called unicorn companies, and the rise of Bitcoin. The result is a theory that shows how value is invented by value entrepreneurs in pursuit of their interests and thus provides a new basis for criticising the role of value in the commodity economy and the finance sector.


Book
Economics, anthropology and the origin of money as a bargaining counter
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ISBN: 1003313477 1000770826 1000770842 Year: 2023 Publisher: London ; New York, New York : Routledge,

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"For many decades economists have disputed with economic anthropologists over the origins of money. Economists claim that money emerged from barter exchange; anthropologists claim that it originated as a 'unit of account' in the temples and palaces of ancient Mesopotamia. This book argues that money originated as a bargaining counter in a system of money-bargaining, emerging almost seamlessly from barter-bargaining. This is not the 'money' of mainstream economic conception - a 'veil' cast over a system of resource allocation defined in mathematical terms. Confidence in the bargaining counter is sustained through 'support-bargaining,' a process in which individuals seek the support of their associates but seek at the same time to advance their own interests. A comprehensive 'Introduction to Support-Bargaining and Money-Bargaining' is provided by the work. The arrival of coin-money is recognised by many as a crucial event in the history of mankind, and it is argued here that the distinctive character of support-bargaining in ancient Greek city states made possible the introduction of coin-money. The dependence of coin-money on a particular form of support-bargaining also suggests the reason why coin-money was not introduced much earlier, given that the technology for producing coins was available long before their adoption. This book will be of great interest to researchers in the history and origins of money, banking and economic theory more broadly. Patrick Spread graduated from Trinity College, Oxford, UK and received a PhD from the London Business School. This is his ninth book based on the theory of support-bargaining and money-bargaining. In his career he has mixed theoretical research with work as an economic adviser and consultant to governments and economic development agencies"--

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