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Notes

Published online by Cambridge University Press:  28 April 2018

Beat Weber
Affiliation:
Oesterreichische Nationalbank
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Summary

The monetary reform proposals discussed in the preceding chapters represent different views on how society should ideally be governed. Different views on „democratizing money“ express different views of democratization. By comparing the assumptions and blind spots underlying competing monetary reform proposals, a better understanding can be gained of the mechanisms of the current monetary system. A common feature of all reform proposals is the overemphasis on the ability of one governance mechanism to achieve input and output legitimacy, and the misleading expectation that reforming money is the key to what each concept understands in its own way as democratic control of capitalism. In a proper understanding of the role of money and its governance, monetary reform is neither necessary nor sufficient for achieving key goals pursued by monetary reformers.
Type
Chapter
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Democratizing Money?
Debating Legitimacy in Monetary Reform Proposals
, pp. 232 - 240
Publisher: Cambridge University Press
Print publication year: 2018

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  • Notes
  • Beat Weber
  • Book: Democratizing Money?
  • Online publication: 28 April 2018
  • Chapter DOI: https://doi.org/10.1017/9781108164399.010
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  • Notes
  • Beat Weber
  • Book: Democratizing Money?
  • Online publication: 28 April 2018
  • Chapter DOI: https://doi.org/10.1017/9781108164399.010
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Notes
  • Beat Weber
  • Book: Democratizing Money?
  • Online publication: 28 April 2018
  • Chapter DOI: https://doi.org/10.1017/9781108164399.010
Available formats
×