Reflections on the Ontology of Money

Bibliographic Data

ID3068693
AuthorsUchida Maki (0000-0001-9103-1133, Nankai University, corresponding author), Uskali Mäki
Year2021
Volume6
Issue2
Pages245-263
Publication date2021-05-04
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Social Ontology (JOURNAL)
Journal identifiersISSN: 2196-9663 • E-ISSN: 2196-9655
PublisherWalter de Gruyter GmbH (PUBLISHER • DE)
DOI10.1515/jso-2020-0063
OpenAlexW3133368564
LanguageEN
Citations received8
References cited23

The suggestions outlined here include the following. Money is a bundle of institutionally sustained causal powers. Money is an institutional universal instantiated in generic currencies and particular money tokens. John Searle's account of institutional facts is not helpful for understanding the nature of money as an institution (while it may help to illuminate aspects of the nature of currencies and money particulars). The money universal is not a social convention in David Lewis's sense (while currencies and money particulars are characterized by high degrees of conventionality). The existence of the money universal is dependent on a larger institutional structure and cannot be understood in terms of collective belief or acceptance or agreement separately focusing on money. These claims have important implications for realism about money

Convention · Database transaction · Economics · Endogenous money · Epistemology · Financial transaction · Law and economics · Monetary economics · Monetary policy · Money measurement concept · Political science · Positive economics · Realism · Sentience · Velocity of money · Computer Science · Economic Theory and Institutions · Economic Theory and Policy · Law · Philosophy · Political Economy and Marxism

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