Cover image for The nature of money
The nature of money
Ingham, Geoffrey K.
Personal Author:
Publication Information:
Cambridge, UK ; Malden, MA : Polity, [2004]

Physical Description:
ix, 254 pages ; 24 cm
Introduction -- Money as a commodity and 'neutral' symbol of commodities -- Abstract value, credit, and the state -- Money in sociological theory -- Fundamentals of a theory of money -- The historical origins of money and its pre-capitalist forms -- The development of capitalist credit-money -- The production of capitalist credit-money -- Monetary disorder -- New monetary spaces -- Concluding remarks.

Format :


Call Number
Material Type
Home Location
Item Holds
HG220.A2 I584 2004 Adult Non-Fiction Non-Fiction Area

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In this important new book, Geoffrey Ingham draws on neglectedtraditions in the social sciences to develop a theory of the'social relation' of money.
Genuinely multidisciplinary approach, based on a thoroughknowledge of theories of money in the social sciences
An original development of the neglected heterodox theories ofmoney
New histories of the origins and development of forms of moneyand their social relations of production in different monetarysystems
A radical interpretation of capitalism as a particular type ofmonetary system and the first sociological outline of theinstitutional structure of the social production of capitalistmoney
A radical critique of recent writing on global e-money, theso-called 'end of money', and new monetary spaces suchas the euro.

Author Notes

Faculty of Social and Political Science, University of Cambridge

Reviews 1

Choice Review

Money has always been a problematic concept for economists, sociologists, and philosophers. Its roots in commodities such as gold may obscure its underlying nature and other roles in society. Between surveying the theoretical terrain and reviewing the history of money, Ingham (Cambridge Univ., UK) sets out a theory of money that brings together economics, sociology, and philosophy. Drawing on Georg Simmel's Philosophy of Money (3rd ed., 2004), Max Weber's monetary writings, and the work of recent post-Keynesians, Ingham argues that money emerges from the social interaction of debtors and creditors and that the state is a necessary participant in creating the uniformity for a unit of account that governs that interaction. The book also examines the inflation of the 1970s and 1980s and recent monetary disorders such as those in Argentina and Japan. Ingham's approach makes a significant contribution to economic sociology, and his work will also be of interest to post-Keynesians and social philosophers. ^BSumming Up: Highly recommended. Lower-division undergraduate through professional collections. R. B. Emmett James Madison College, Michigan State University

Table of Contents

Part I Preface
1 Introduction
2 Money as a commodity and'neutral' symbol of commodities
3 Abstract value, credit, and the state
4 Money in sociological theory
5 Fundamentals of a theory of money
Part II
6 The historical origins of money and its pre-capitalist forms
7 The development of capitalist credit-money
8 The production of capitalist credit-money
9 Monetary disorder
10 New monetary spaces
11 Concluding remarks