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Making sense of the plurality of money: a Polanyian attempt

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  • Jérôme Blanc

    (TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper aims at accounting for the dramatic plurality of money through the discussion of a conceptual framework built on Polanyian writings. Three ideal types are built: public money, business money and associative money. This typology is enriched by Polanyian concepts, which are discussed and adapted for this purpose: first, the distinction between all-purpose money and special-purpose money; second, his distinction between three or four forms of integration, here called exchange, redistribution, reciprocity and communal sharing. The whole helps understanding the complexity of real cases, starting with our ordinary money, and especially emphasizing the contemporary diversity of associative moneys.

Suggested Citation

  • Jérôme Blanc, 2018. "Making sense of the plurality of money: a Polanyian attempt," Post-Print halshs-01555623, HAL.
    • Handle: RePEc:hal:journl:halshs-01555623
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01555623v2
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    References listed on IDEAS

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    1. Olivier Hueber, 2011. "Innovation in virtual social networks: the widespread of new electronic currencies and the emergence of a new category of entrepreneurs," International Journal of Transitions and Innovation Systems, Inderscience Enterprises Ltd, vol. 1(2), pages 163-174.
    2. Jérôme Blanc, 2017. "Unpacking monetary complementarity and competition: a conceptual framework," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(1), pages 239-257.
    3. Jérôme Blanc, 2009. "Contraintes Et Choix Organisationnels Dans Les Dispositifs De Monnaies Sociales," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 80(4), pages 547-577, December.
    4. Jérôme Blanc & Marie Fare, 2016. "Turning values concrete: the role and ways of business selection in local currency schemes," Review of Social Economy, Taylor & Francis Journals, vol. 74(3), pages 298-319, September.
    5. Jean-Michel Servet, 1993. "L'institution monétaire de la société selon Karl Polanyi," Revue Économique, Programme National Persée, vol. 44(6), pages 1127-1150.
    6. Jérôme Blanc, 2011. "Classifying "CCs": Community, complementary and local currencies' types and generations," Post-Print halshs-00583587, HAL.
    7. Jean-Michel Servet, 2007. "Le principe de réciprocité chez Karl Polanyi, contribution à une définition de l'économie solidaire," Revue Tiers-Monde, Armand Colin, vol. 0(2), pages 255-273.
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    Cited by:

    1. Oriane Lafuente-Sampietro, 2021. "The multiplier effect of convertible local currencies : case study on two French schemes," Working Papers halshs-03324625, HAL.
    2. Jérôme Blanc, 2018. "Tensions in the triangle: monetary plurality between institutional integration, competition and complementarity," Evolutionary and Institutional Economics Review, Springer, vol. 15(2), pages 389-411, December.
    3. Svartzman, Romain & Dron, Dominique & Espagne, Etienne, 2019. "From ecological macroeconomics to a theory of endogenous money for a finite planet," Ecological Economics, Elsevier, vol. 162(C), pages 108-120.
    4. Camille Meyer & Marek Hudon, 2019. "Money and the Commons: An Investigation of Complementary Currencies and Their Ethical Implications," Journal of Business Ethics, Springer, vol. 160(1), pages 277-292, November.

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    Keywords

    Plurality of money; modern money; ideal types; Polanyi; forms of integration;
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