Money and Calculation by Massimo Amato, Hardcover, 9780230277779 | Buy online at The Nile
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Money and Calculation

Economic and Sociological Perspectives

Author: Massimo Amato   Series: Bocconi On Management

Money is an important instrument of calculation: as a unit of account and means of payment, it serves the purpose of exchange. Yet, it is increasingly becoming itself an object of exchange and calculation on financial markets, which tend less to the production and exchange of real goods. The question therefore is: has the economy lost its measure?

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Summary

Money is an important instrument of calculation: as a unit of account and means of payment, it serves the purpose of exchange. Yet, it is increasingly becoming itself an object of exchange and calculation on financial markets, which tend less to the production and exchange of real goods. The question therefore is: has the economy lost its measure?

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Description

Money is an important instrument of calculation: as a unit of account and means of payment, it serves the purpose of exchange. Yet, it is increasingly becoming itself an object of exchange and calculation on financial markets, which tend less to the production and exchange of real goods. The question therefore is: has the economy lost its measure?

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About the Author

MASSIMO AMATO teaches economic history and history of economic thought at Bocconi University, Italy. His publications concern the history of money and of monetary thought. His more recent book entitled: The Enigma of Money deals with the phenomenological foundations of money as an institution.

LUIGI DORIA carries out research activities at Bocconi University, Italy. Previously, he was Fellow at the Nantes Institute for Advanced Studies, France, and did research at the University IUAV of Venice, Italy. His recent research interests focus on economic sociology and in particular on the relationship between calculation and quality.

LUCA FANTACCI is Assistant Professor of Economic History at Bocconi University, Italy. He has published on the history of money and credit and of economic thought, including a book, co-written with Massimo Amato, on the current financial crisis entitled: The End of Finance.

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More on this Book

Emotions, reputations, relationships so many aspects of social and organizational life today are subject to quantification and other calculative practices. Calculation develops due to a demand for control and accountability. Money is one such instrument of calculation, and the foremost. As a unit of account and means of payment, it serves the purpose of exchange. Yet, money has itself increasingly become an object of calculation and exchange on financial markets tending less to the production and exchange of real goods than the elimination of uncertainty by means of exchangeability. Has the economy therefore lost its measure? The essays collected in Money and Calculation investigate, from various viewpoints, how calculation and money bear upon the meaning of measure in contemporary economic life. They will excite and give much pause for thought to economists, sociologists, and all who have an interest in the meaning of life in our globalized world.

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Product Details

Publisher
Palgrave Macmillan
Published
17th September 2010
Pages
222
ISBN
9780230277779

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