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Chapitre D'ouvrage Année : 2017

Rethinking money

Résumé

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.
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Dates et versions

halshs-01593002 , version 1 (25-09-2017)

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Jean-François Ponsot. Rethinking money. Rochon, L.-P.; Rossi, S. A modern guide to rethinking economics, Edward Elgar, pp.114-128, 2017, ⟨10.4337/9781784717216.00015⟩. ⟨halshs-01593002⟩
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