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Ingham, Geoffrey. The Nature of Money. Cambridge, UK; Malden, MA: Polity Press, 2004.
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Table of contents
Abstract
Reviews
Excerpt
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| Preface | viii |
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| Part I. Concepts and Theories | 1 |
| Introduction | 3 |
| Money’s Puzzled and Paradoxes | 3 |
| An Outline of Contents | 10 |
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| 1. Money as a Commodity and ‘Neutral’ Symbol of Commodities | 15 |
The Meta-theoretical Foundations
of Orthodox Monetary Analysis | 16 |
| Quantity Theory and the Value of Money | 19 |
| An Analytical Critique of Commodity Theory | 22 |
| The Persistence of Orthodoxy | 28 |
| Conclusions | 33 |
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| 2. Abstract Value, Credit and the State | 38 |
| Early Claim and Credit Theory | 39 |
| The Nineteenth-Century Debates: Gold and Credit | 41 |
| The German Historical Schools and the State Theory of Money | 47 |
| The Influence on Keynes | 50 |
| Post-Keynesian Theory: Endogenous Money and the Monetary Circuit | 52 |
| Modern Neo-Chartalism | 55 |
| Conclusions | 56 |
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| 3. Money in Sociological Theory | 59 |
| Money as Symbolic Medium | 60 |
| Marx and Marxian Analysis | 61 |
| Simmel’s The Philosophy of Money | 63 |
| Weber on Money | 66 |
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| 4. Fundamentals of a Theory of Money | 69 |
| What is Money? | 69 |
| How is Money Produced? | 74 |
| The Value of Money | 80 |
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| Part II. History and Analysis | 87 |
| 5. The Historical Origins of Money and its Pre-capitalist Forms | 89 |
| Origins of Money: Debt and Measure of Value | 90 |
| The Early Development of Coinage | 97 |
| The Roman Monetary System | 101 |
| Conclusions | 105 |
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| 6. The Development of Capitalist Credit-Money | 107 |
| The De-linking of the Money of Account and the Means of Payment | 109 |
The De-linking of the Money of Account and
the Evolution of Capitalist
Credit-Money | 112 |
| The Transformation of Credit into Currency | 121 |
| Conclusions | 131 |
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| 7. The Production of Capitalist Credit-Money | 134 |
| The Social Structure of Capitalist Credit-Money | 136 |
| The Working Fiction of the Invariant Standard | 144 |
| Conclusions | 150 |
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| 8. Monetary Disorder | 152 |
| The Rise and Fall of Inflation in the Late Twentieth Century | 153 |
| Debt Deflation and the Case of Japan | 159 |
| Argentina’s Monetary Disintegration | 165 |
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| 9. New Monetary Spaces | 175 |
| Technology and New Monetary Spaces | 177 |
| Europe’s Single Currency | 188 |
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| Concluding Remarks | 197 |
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| Notes | 205 |
| References | 228 |
| Index | 241 |
