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The hypostasis of money: an economic point of view

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  • Jean Cartelier

Abstract

The purpose of this article is to show that money is not an entity but hic et nunc a genuine mode of circulation associated with a genuine social organisation. Criticising money hypostasis may help to to: (i) elucidate the ambivalence of monetary relations in our modern society (equivalence and subordination); (ii) criticise the idea that 'primitive monies' are nothing but imperfect forms of our modern money and show that exotic societies are worth studying for themselves; and (iii) relativise the knowledge we have about our societies and to develop comparative analysis. A sketchy comparison between wodani society and ours suggests that an abduction relation exists between money and society. Copyright 2007, Oxford University Press.

Suggested Citation

  • Jean Cartelier, 2007. "The hypostasis of money: an economic point of view," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 31(2), pages 217-233, March.
    • Handle: RePEc:oup:cambje:v:31:y:2007:i:2:p:217-233
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    File URL: http://hdl.handle.net/10.1093/cje/bel022
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    Cited by:

    1. repec:hal:wpspec:info:hdl:2441/4vc7skecu3q7u7s984pi2eaan is not listed on IDEAS
    2. Jérôme Sgard, 2010. "Money Reconstructed: Argentina and Brazil after Hyperinflation," Working Papers hal-00972721, HAL.
    3. Jérôme Sgard, 2010. "Money Reconstructed: Argentina and Brazil after Hyperinflation," SciencePo Working papers Main hal-00972721, HAL.
    4. repec:spo:wpecon:info:hdl:2441/4vc7skecu3q7u7s984pi2eaan is not listed on IDEAS
    5. Cartelier, Jean & Alary, Pierre & Desmedt, Ludovic, 2019. "La monnaie et l'économie de marché. Entretien avec Jean Cartelier," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 26.
    6. Hadrien Saiag, 2014. "Towards a neo-Polanyian approach to money: integrating the concept of debt," Post-Print halshs-02343433, HAL.
    7. Hadrien Saiag, 2013. "Financial Practices as Adaptations to Increasing Vulnerability," Post-Print halshs-02343508, HAL.
    8. Piluso, Nicolas, 2014. "Postulat de la monnaie et théorie de la valeur chez Marx," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 15.
    9. repec:spo:wpmain:info:hdl:2441/4vc7skecu3q7u7s984pi2eaan is not listed on IDEAS
    10. repec:hal:spmain:info:hdl:2441/4vc7skecu3q7u7s984pi2eaan is not listed on IDEAS

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