By Nigel Dodd
Questions concerning the nature of cash have received a brand new urgency within the aftermath of the worldwide monetary predicament. whilst many folks have much less of it, there are extra varieties and structures of cash, from neighborhood currencies and social lending to cellular cash and Bitcoin. but our knowing of what cash is—and what it will probably be—hasn’t saved velocity. within the Social lifetime of funds, Nigel Dodd, one among today’s best sociologists of cash, reformulates the idea of the topic for a postcrisis international within which new different types of cash are proliferating.
What counts as valid motion by means of valuable banks that factor foreign money and set coverage? What underpins the precise of nongovernmental actors to create new currencies? and the way may well new types of funds surpass or subvert government-sanctioned currencies? to reply to such questions, The Social lifetime of cash takes a clean and wide-ranging examine smooth theories of money.
One of the book’s relevant issues is how funds should be wrested from the domination and mismanagement of banks and governments and restored to its primary place because the “claim upon society” defined through Georg Simmel. yet instead of advancing another critique of the state-based financial approach, The Social lifetime of cash attracts out the utopian facets of cash and the ways that its transformation might in flip rework society, politics, and economics. The e-book additionally identifies the contributions of thinkers who've now not formerly been regarded as financial theorists—including Nietzsche, Benjamin, Bataille, Deleuze and Guattari, Baudrillard, Derrida, and Hardt and Negri. the outcome offers new methods of pondering cash that search not just to appreciate it yet to alter it.
Nigel Dodd is professor of sociology on the London university of Economics. he's the writer of The Sociology of cash and Social concept and Modernity.