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Money is a pervasive force in life, as anyone feeling the pinch from inflation knows all too well. It’s also unpredictable, unstable, unnatural, abstract, and deeply invested with emotion, trust and politics. IDEAS explores the strange history of money and how it confounds attempts to understand and control it.
Politicians and pundits across the political spectrum warn of a return to the decade of stagflation, urban decay, and labor mutiny. Their solution? The failed policies of the 1970s.
Stefan Eich talks to The Nation about the role monetary policy plays in crisis, if money can be turned into a more democratic tool, and his new book, The Currency of Politics.
The Currency of Politics: The Political Theory of Money from Aristotle to Keynes, by Stefan Eich (Princeton University Press, 344 pp., $35) Political neutrality has come under attack in recent years. For neutrality’s critics, rules that allegedly exist to protect speech, property, or civil rights actually serve to advance the interests of nefarious groups and […]
A new book offers philosophical insights about money while making an unpersuasive case for its “democratization.”