Skip to main content Accessibility help
×
Home

The Social Constructions of Money

  • Ben Spruzen (a1)

Extract

As Buchan (1998) so aptly puts it, money is incarnate desire; it is many things to many people. It has served to shape society through the advent of trade in ancient civilizations, or as the catalyst for military campaigns. The purpose of this paper is to examine the physical mechanisms that perpetuate society's reliance on money, and to uncover the social constructions that allow society to value money despite its various forms.

There is no all encompassing rule or set of standards governing the physical form of money. Certainly there are more established and accepted forms of money or currency that have been adopted by various nations, providing symbols of national identity. The most notable the US dollar, the most widely accepted and common benchmark for international currencies. Contrasted with the Indonesian rupiah, which holds little value in the international market, a value reflected in the country's relatively low international standing. Such differences are the result of a bigger system based on international trade and comparative advantage whose boundaries lie beyond the definition of this discussion.

Copyright

References

Hide All
Buchan, J. 1998, ‘Frozen desire: The meaning of money’, Whole Earth, Spring, p. 40.
Davis, P. 1998, ‘Tears & fears: The fiscal frontier’, Discover: The Science of Money, 10, US.
Glover, P. & Hargraves, M. 1998, ‘In each other we trust’, Whole Earth, Spring, p. 51.
Hively, W. 1998, ‘Taking itDiscover: The Science of Money, 10, US.
Krugman, P. 1998, ‘Greasing the wheels: The fiscal frontier’, Discover: The Science of Money, 10, US.
Lamborne Wilson, P. 1998, ‘The sacred & profane history of money’, Whole Earth, Spring, p. 41.
McTaggart, D, Findlay, C. & Parkin, M. 1992, Macroeconomics, Addison Wesley, Australia.
Miller, R.J. & Shade, E.D. 1990, Foundations of Economics, Longman Cheshire, Melbourne.
Murphy, C. 1999, ‘Grant puts price on nature’, Weekend Australian, 19-20 06, p. 18.
O'Brien, R. 1998, ‘The privilege of printing money’, Whole Earth, Spring, p. 45.
Pringle, H. 1998, ‘The cradle of cash’, Discover: The Science of Money, 10, US.
Salvatore, D. 1993, International Economics, Macmillan, US.
Tietenberg, T. 1996, Environmental & Natural Resource Economics, Harper Collins, NY.
Warshall, P. 1998, ‘Soul & moneyWhole Earth, Spring, p. 43.
Weatherford, J. 1998, ‘Cash in a Cul-De-Sac: The fiscal frontier’, Discover: The Science of Money, 10, US.

Metrics

Full text views

Total number of HTML views: 0
Total number of PDF views: 0 *
Loading metrics...

Abstract views

Total abstract views: 0 *
Loading metrics...

* Views captured on Cambridge Core between <date>. This data will be updated every 24 hours.

Usage data cannot currently be displayed