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The Social Contexts of Money Uses

In: A Japanese Approach to Political Economy

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  • Makoto Maruyama

Abstract

The purpose of this paper is to present a new frame of reference which might be useful for the study of money uses in empirically observable (rather than theoretically defined) societies. Both economics and political economy have studied money primarily from the point of view of the commodity-economy. Most economists today take it for granted that money functions mainly as a means of exchange, and assume that the existence of money ipso facto implies the presence of markets and trade. In other words, they presuppose the “catallactic triad” of money, market and trade to hold as a matter of course, when they raise the question of money uses.

Suggested Citation

  • Makoto Maruyama, 1995. "The Social Contexts of Money Uses," Palgrave Macmillan Books, in: Robert Albritton & Thomas T. Sekine (ed.), A Japanese Approach to Political Economy, chapter 6, pages 92-104, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-23817-0_6
    DOI: 10.1007/978-1-349-23817-0_6
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