Moeda e cultura : elementos para uma abordagem institucional da moeda
By: JR. Moair dos Anjos
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ArticlePublisher: São Paulo : Editora 34, jan./mar. 1998Revista de Economia Política = Brazilian Journal of Political Economy 18, 1, p. 58-75Abstract: This article aims at demonstrating the institutional character of money and at examining the necessary conditions to preserve it as a social operator. Money is a social institution because it is central to the maintenance of social practices necessary for the creation of productive wealth and therefore for the material reproduction of modern capitalist economies. Moreover, as the productive circuit is one of the spheres of those economies in which private passions and social interests can be reconciled, money is presented as an element of social cohesion. It is argued, however, that only if trust in the maintenance of the unity of the functions of money endures can money be preserved as a social institution. Trust, in turn, is shown to emerge from a cognitive process embedded in specific cultural patterns, whereby information is generated, passed on and reinforced, gradually engendering habits and conventions to be followed by economic agents
This article aims at demonstrating the institutional character of money and at examining the necessary conditions to preserve it as a social operator. Money is a social institution because it is central to the maintenance of social practices necessary for the creation of productive wealth and therefore for the material reproduction of modern capitalist economies. Moreover, as the productive circuit is one of the spheres of those economies in which private passions and social interests can be reconciled, money is presented as an element of social cohesion. It is argued, however, that only if trust in the maintenance of the unity of the functions of money endures can money be preserved as a social institution. Trust, in turn, is shown to emerge from a cognitive process embedded in specific cultural patterns, whereby information is generated, passed on and reinforced, gradually engendering habits and conventions to be followed by economic agents
Revista de Economia Política 1998
v. 18, n. 1(69)
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