Freigeld: the relational ontology of money in practice

Freigeld: FreeMoney for reacting to the Great Depression According to Prof. Thomas Greco, during the years imediately after the Great Crash in 1929, “besides learning how to ‘make do, or do without’, people began to establish mutual support structures, like workers’ cooperatives, many of which would recycle and repair donated or broken items. People learned to share... Read More

What is that which you count? Money as a Relation of economic agreement

In comparison with orthodox monetary economics, there are pragmatist, semiotic, linguistic and social considerations that offer a broader and richer inter-disciplinary scope of analysis for a sound unfolding of money’s ontology, which in turn brings about a new working definition of money: from an object in the ninetieth century to a tool in the twentieth one, money is now ontologically... Read More

Knowing what you count: Money as a Tool

ONTOLOGY OF MONEY: KNOWING WHAT YOU COUNT –  Functionalized Nature of Money: philosophical assumptions of orthodox monetary economics In the first book of the Treatise, Keynes offers a systematic account of the origin and nature of money. The primary importance of Keynes’ contribution lies in this: he presented a hierarchical account of the functions of money, with the... Read More

Knowing what you count: Money as an Object

ONTOLOGY OF MONEY – MONEY IS NEITHER AN OBJECT NOR A TOOL: IT IS A RELATION – Objectified Nature of Money: philosophical assumptions of orthodox monetary economics The commodity-exchange theory is perhaps the most representative account of the origin and nature of money in terms of an economistic model based on “real analysis”, which centers on the relationship... Read More