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Money: A Theory of Modern Society [Kõva köide]

, (Zeppelin University, Germany)
  • Formaat: Hardback, 342 pages, kõrgus x laius: 229x152 mm, kaal: 453 g, 1 Tables, black and white; 23 Line drawings, black and white; 2 Halftones, black and white
  • Ilmumisaeg: 08-Oct-2019
  • Kirjastus: Routledge
  • ISBN-10: 0367354624
  • ISBN-13: 9780367354626
Teised raamatud teemal:
  • Formaat: Hardback, 342 pages, kõrgus x laius: 229x152 mm, kaal: 453 g, 1 Tables, black and white; 23 Line drawings, black and white; 2 Halftones, black and white
  • Ilmumisaeg: 08-Oct-2019
  • Kirjastus: Routledge
  • ISBN-10: 0367354624
  • ISBN-13: 9780367354626
Teised raamatud teemal:

Since the publication of Georg Simmel’s Philosophy of Money more than a century ago, social science has primarily considered money a medium of exchange. This new book treats money as a more inclusive social concept that has profoundly influenced the emergence of modern society. Money is also a moral and political category. It communicates prices and thus embodies innumerable evaluations and judgments of objects and services, of social relationships and associations.

At the same time, modern societies are undergoing fundamental transformations in which money assumes an ever-important role, while banking and financial services constitute the new primary sector of modern service economies. In this book, the authors trace the transformational scope of monetarization and financialization along the four classical productive forces—land, capital, labor, and knowledge—and evaluate the consequences of an irrepressible urge to quantify and monetarize almost everything social. What happens to a society in which the tangible products of the real economy lose their preeminent status, and everything is judged purely according to its economic value? The authors identify an increasing disconnect between market prices and social values with serious social, political, economic, and environmental consequences.

 

Arvustused

Not since Georg Simmel's The Philosophy of Money has there been a book that so persuasively examines money hence also, capitalismfrom the point of view of culture and knowledge. In Money: A Theory of Modern Society Nico Stehr and Dustin Voss have made an important contributionnot just to social theory but to our understanding of the current world order. Charles Lemert, University Professor and John C. Andrus Professor of Social Theory Emeritus, Wesleyan University, USA

This new masterpiece explores the mysterious existence of moneya myth without intrinsic value. Stehr and Voss carefully disclose how and why money (and economic relations in general) "disguise" social processes and what putting prices on land, capital, labor, and knowledge means for societies. A must read for any scholar in sociology. Lucia Reisch, Professor, Copenhagen Business School, Department of Management, Society and Communication, Denmark

This is a very ambitious and interesting volume on the many different roles that money plays in the modern world. Perhaps it can be characterized as something that Georg Simmel, the author of The Philosophy of Money, would have written if he had lived today. Read and enjoy! Richard Swedberg, Professor of Sociology, Cornell University, USA

Social theory is in need of renewal, in a world in which the past is recognizable but no longer informative in terms of the old categories. Nico Stehr and Dustin Voss go to the heart of the problem: the role of money and the problematic relation of the fact of price to the puzzlingly elusive facts of value, such as the value of knowledge, and indeed of work itself. This book is an excellent inventory of, and introduction to, the intellectual resources we have for this renewal, and a contribution to it. Stephen Turner, Distinguished Professor, University of South Florida, USA

Money has been at the center of social theory in its different attempts to understand modern society and to disclose its dynamics from the classics up to our time. The study of Nico Stehr and Dustin Voss is an extraordinary enrichment of this tradition. It starts from what we know and leads us systematically step by step far beyond the state of the art to help us understand and explain how money in its contemporary form of the financialization of everything penetrates every sphere of human action to transform modern society fundamentally. This is social theory at its best. The study features all qualities to make it a classic. Richard Münch, Emeritus of Excellence, Department of Sociology, University of Bamberg, Germany

List of Illustrations
viii
Preface x
Introduction 1(21)
Money, Price and Value as Social Phenomena
1(3)
The Mystery of Money
4(1)
Money as Driver of Societal Change
5(17)
1 The Immaterial Economy
22(57)
Symbolic Products and Processes
27(1)
Monetary Symbolic Products
28(2)
Productive Processes
30(5)
The Peculiarities of Knowledge
35(3)
Knowledge Skills (and Machines)
38(5)
Financialization
43(9)
The Global Class
52(3)
Conclusion: The Price (and Value) of Land, Capital, Labor and Knowledge
55(24)
2 The Price of Land
79(41)
Theories of Space
81(4)
The Evolution of the Value of Land
85(4)
Societal Transformations
89(3)
Financialization of the Land
92(4)
Land Grabbing
96(7)
The Green Value of Land
103(6)
Conclusion: Determining the Price (and Value) of Land
109(11)
3 The Price of Capital
120(57)
Interest Rates: Managing Non-Simultaneity
122(1)
What Is Capital?
123(6)
Interest Rates and Their Critics
129(3)
Interest in the Islamic Economy
132(2)
Can an Interest-Free Economy Exist?
134(3)
Why Does Capital Have a Price?
137(4)
Measuring Capital and Its "Just" Price
141(5)
The Relationship of Capital, Debt and Guilt in Modern Societies
146(4)
Inequality of Capital
150(8)
Capital and Wealth Taxation
158(5)
Conclusion: Determining the Price (and Value) of Capital
163(14)
4 The Price of Labor
177(91)
Perspectives
178(1)
Supply and Demand
179(3)
Monetarizing Labor
182(4)
Work Is More than a Paycheck
186(3)
The Wages of Labor
189(3)
The Value of Work
192(2)
The Modern Price of Labor
194(1)
Manual Workers and Knowledge Workers
195(2)
The Revolution of Knowledge Workers
197(3)
Financialization and Labor
200(6)
When the Robots Rise
206(3)
Will Robots Set Us Free?
209(13)
Material and Moral Compensation
222(5)
Minimum Wages
227(2)
Just Wages
229(2)
The Empirical Evidence
231(4)
The Price of Labor Since the Financial Crisis
235(3)
The Falling Rate of Labor's Share
238(2)
Cognitive Abilities
240(1)
Conclusion: Determining the Price (and Value) of Labor
240(28)
5 The Price of Knowledge
268(62)
Point of Departure 210 Measuring Knowledge
271(5)
Human Capital
276(5)
Symbolic and Knowledge Capital
281(5)
The Value of Intangible Investments
286(1)
Patents
287(6)
Taxation, or the Price of Education
293(2)
Additional Knowledge
295(5)
Practical Knowledge
300(1)
The Social Value of Knowledge
301(1)
Knowledge as a Public Good
302(3)
Capital as Embodied Knowledge
305(2)
Conclusion: Determining the Price (and Value) of Knowledge
307(23)
Conclusions 330(6)
Index 336
Nico Stehr was until the summer of 2018 Karl Mannheim Professor of Cultural Studies at the Zeppelin University, Friedrichshafen, Germany. He is a fellow of the Royal Society (Canada) and a fellow of the European Academy of Sciences and Arts. His research interests center on the transformation of modern societies into knowledge societies and developments associated with this transformation in different major social institutions of modern society (e.g. science, politics, governance, the economy, inequality, and globalization); in addition, his research interests concern the societal consequences of climate change. He is one of the authors of the Hartwell Paper on climate policy. Among his recent book publications are: Information, Power and Democracy (Cambridge University Press, 2016), Knowledge: Is Knowledge Power (with Marian Adolf , Routledge, 2016) and Society and Climate (with Amanda Machin, World Scientific Publishers, 2019).

Dustin Voss is PhD candidate in Political Economy at the European Institute of the London School of Economics and Political Science. His dissertation is concerned with the turn to neoliberalism and the rise of economic orthodoxy in social democratic policy making. His research interests include comparative political economy, monetary and fiscal policy, financialization, and the relationship of democracy and capitalism in advanced nations. He holds an MSc in Political Economy of Europe (with Distinction) from the LSE as well as a BA in Sociology, Politics, and Economics from Zeppelin University, Germany.