Making Money Coin Currency And The Coming Of Capitalism

Author: Christine Desan
Publisher: Oxford University Press
ISBN: 0198709587
Size: 63.92 MB
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Money travels the modern world in disguise. It looks like a convention of human exchange - a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution engineered by political communities to mark and mobilize resources. As societies change the way they create money, they change the market itself - along with the rules that structure it, the politics and ideas that shape it, and the benefits that flow from it.
One particularly dramatic transformation in money's design brought capitalism to England. For centuries, the English government monopolized money's creation. The Crown sold people coin for a fee in exchange for silver and gold. 'Commodity money' was a fragile and difficult medium; the first half of the book considers the kinds of exchange and credit it invited, as well as the politics it engendered. Capitalism arrived when the English reinvented money at the end of the 17th century. When it established the Bank of England, the government shared its monopoly over money creation for the first time with private investors, institutionalizing their self-interest as the pump that would produce the money supply. The second half of the book considers the monetary revolution that brought unprecedented possibilities and problems. The invention of circulating public debt, the breakdown of commodity money, the rise of commercial bank currency, and the coalescence of ideological commitments that came to be identified with the Gold Standard - all contributed to the abundant and unstable medium that is modern money. All flowed as well from a collision between the individual incentives and public claims at the heart of the system. The drama had constitutional dimension: money, as its history reveals, is a mode of governance in a material world. That character undermines claims in economics about money's neutrality. The monetary design innovated in England would later spread, producing the global architecture of modern money.

Making Money

Author: Christine Desan
Publisher: OUP Oxford
ISBN: 0191025399
Size: 52.84 MB
Format: PDF, Kindle
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The second half of the book considers the monetary revolution that brought unprecedented possibilities and problems.

Making Money

Author: Christine Desan
Publisher: Oxford University Press, USA
ISBN: 0198709579
Size: 56.13 MB
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In this revisionist history of the development of the modern monetary system, Christine Desan argues that money effectively creates economic activity rather than emerging from it.

Making Money

Author: Christine Desan
Publisher: OUP Oxford
ISBN: 0191025380
Size: 35.52 MB
Format: PDF
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The second half of the book considers the monetary revolution that brought unprecedented possibilities and problems.

The Nobel Factor

Author: Avner Offer
Publisher: Princeton University Press
ISBN: 1400883415
Size: 53.11 MB
Format: PDF, Mobi
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" This is what Avner Offer and Gabriel Söderberg call the rise of market liberalism, a movement that, seeking to replace social democracy, holds up buying and selling as the norm for human relations and society.

The Social Life Of Money

Author: Nigel Dodd
Publisher: Princeton University Press
ISBN: 1400880866
Size: 32.76 MB
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The book also identifies the contributions of thinkers who have not previously been thought of as monetary theorists—including Nietzsche, Benjamin, Bataille, Deleuze and Guattari, Baudrillard, Derrida, and Hardt and Negri.

Revolution Against Empire

Author: Justin Du Rivage
Publisher: Yale University Press
ISBN: 0300214243
Size: 17.10 MB
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A bold transatlantic history of American independence revealing that 1776 was about far more than taxation without representation Revolution Against Empire sets the story of American independence within a long and fierce clash over the ...

No Freedom Without Regulation

Author: Joseph William Singer
Publisher: Yale University Press
ISBN: 0300211678
Size: 69.18 MB
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Singer uses the recent subprime crisis to demonstrate: Regulation's essential importance for freedom and democracy Why consumer protection laws are a basic pillar of economic freedom How private property rests on a regulatory infrastructure ...

Private Power And Global Authority

Author: A. Claire Cutler
Publisher: Cambridge University Press
ISBN: 1107320429
Size: 43.84 MB
Format: PDF, ePub
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By engaging with literature in international law, international relations and international political economy, this book develops the conceptual and theoretical foundations for analyzing the political significance of international economic ...

The Heart Of The Declaration

Author: Steve Pincus
Publisher: Yale University Press
ISBN: 0300224443
Size: 10.97 MB
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Looking beyond the Declaration’s frequently cited opening paragraphs, Steve Pincus reveals how the document is actually a blueprint for a government with extensive powers to promote and protect the people’s welfare.