Georg Simmel’s Philosophy of Money: Some Points of Relevance for Contemporary Monetary Scholarship

نویسنده

  • Richard E. Wagner
چکیده

This paper explores five topics where Georg Simmel’s Philosophy of Money poses challenges for contemporary monetary scholarship. First, any microfoundations for macroeconomics would be erected upon catallactical and not choice-theoretic foundations. Second, money is a tool of thought and not just a veil. Third, Simmel points to a way to make sense of a claim that goes back at least to Richard Cantillon, namely that process of monetary injection exert real effects. Fourth, a Simmelian orientation would revive the ex ante-ex post distinction. Fifth, welfare economics would be pursued in a substantive and not a formal manner, if it were to be pursued at all. JEL Codes: B31, D50, D60, E10

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تاریخ انتشار 2001