Money as a Total Social Fact in Argentinean 2001/02 Crisis and in Its Resolution
Bibliographic Data
| ID | 5857151 |
|---|---|
| Authors | Jaime Marques Pereira (Université de Picardie Jules Verne, corresponding author) |
| Year | 2011 |
| Volume | 10 |
| Issue | 19 |
| Pages | 53 |
| Publication date | 2011-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Cadernos PROLAM/USP (JOURNAL) |
| Journal identifiers | ISSN: 1676-6288 • E-ISSN: 1676-6288 |
| Publisher | Universidade de Sao Paulo, Agencia USP de Gestao da Informacao Academica (AGUIA) (PUBLISHER) |
| DOI | 10.11606/issn.1676-6288.prolam.2011.82478 |
| OpenAlex | W2071016847 |
| Language | EN |
| Citations received | 1 |
| References cited | 2 |
This paper opposes to the institutional explanations for sudden reversals of expectations,as was the case in the Argentinean crisis 2001/2002, an analysis revealing a crisis of the trust setin national currency, so conceived as total social fact. Based on this multidimensional view(economic, political and symbolic) of the money functions, we show that the systemic risk of thepublic debt results from the illusions fostered by new classical theory on promises of futureincome founding the political compromises sustaining the currency board monetary regime. Theresolution of this crisis has given room to a more distributive regime inspired in new-keynesiantheory but not to the elimination of this systemic risk. The conclusion points out in the presentcontext of world crisis the more general validity of this issue focusing the responsibility of neoquantitativetheory of money as a representation of economy performing collective action
Action (physics · Collective action · Currency · Currency crisis · Debt · Debt crisis · Distributive property · Economics · European debt crisis · European union · Financial crisis · International economics · Keynesian economics · Macroeconomics · Monetary economics · Political economy · Political science · Politics · Representation (politics · Economic Theory and Policy · Law · Political Economy and Marxism
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,07 |
| Citation span | 2011 - 2011 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |