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Relational Money—Working to Define the Conditions of Non-payment

In: The Relational View of Economics

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  • Christian Fiedler

    (Zeppelin University)

Abstract

In the course of this analysis, my goal will be to show that the debt relation, as a relational form of contract, deals with polycontexturality and, in the process, introduces external reference, which, through self-reference, is subsequently returned to money in the form of interest. However, by doing so, the institution of money reveals its own instability as a measure of value, and can only serve as one if the shared value created by a given process exactly matches the discounting of the interest.

Suggested Citation

  • Christian Fiedler, 2022. "Relational Money—Working to Define the Conditions of Non-payment," Relational Economics and Organization Governance, in: Lucio Biggiero & Derick de Jongh & Birger Priddat & Josef Wieland & Adrian Zicari & Dominik Fischer (ed.), The Relational View of Economics, pages 277-297, Springer.
    • Handle: RePEc:spr:recchp:978-3-030-86526-9_14
    DOI: 10.1007/978-3-030-86526-9_14
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