Reclaiming the Social and Cultural Foundation of Money
There is a contradiction at the heart of money. It is supposed to be the great leveller and liberator, a universal measure of value. Yet its accumulation and usage seem inextricably linked to power, prestige and hierarchy. Economists play dumb when it comes to money, ascribing it only a neutral role in transactions and even Keynes lost interest in understanding its socio-historical roots and meanings. Likewise they reduce the pursuit of power, prestige and hierarchy to the supposedly morally neutral and ‘natural’ profit motive......