Money and Its Body in the Social Positioning and Credit Perspectives

Review Article of Samuel A. Chambers’ Money has No Value

Bibliographic Data

ID11697455
AuthorsStephen Pratten (0000-0001-6027-7528, King's College London, corresponding author)
Year2024
Volume43
Issue1
Pages249-274
Publication date2024-06-11
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueContributions to Political Economy (JOURNAL)
Journal identifiersISSN: 0277-5921 • E-ISSN: 1464-3588
PublisherOxford University Press (OUP) (PUBLISHER)
DOI10.1093/cpe/bzae010
OpenAlexW4399512710
LanguageEN
References cited19

A new and distinctive version of the credit theory of money is advanced by Samuel A. Chambers in his book Money Has No Value. The account of money sponsored by social positioning theory is an alternative perspective against which Chambers’ new credit theory can be productively compared. This review article draws out the differences between these competing theories of the nature of money. An examination of Chambers’ brief, largely dismissive, remarks on social positioning theory reveals a flawed conception of it. The social positioning theory of money is shown to be a coherent and explanatorily powerful account that is worthy of consideration alongside even the updated version of the credit theory supplied by Chambers

Classical economics · Economics · Monetary economics · Monetary policy · Monetary theory · Neoclassical economics · Perspective (graphical · Political science · Positive economics · Public economics · Quantity theory of money · Time value of money · Value (mathematics · Value for money · Value theory · Economic Theory and Institutions · Political Economy and Marxism · Weber, Simmel, Sociological Theory · Finance · Law

Tools

Open DOIOpen Access