Value and Money as Social Power: New Concepts for Old Questions

Article dans une revue: The individualistic methodology that largely dominates economic thought is incapable of thinking of social facts as anything other than the aggregation of individual facts. In so doing, it ignores the powerful sui generis forces that emanate from the social sphere itself and that shape individual behaviour and subjectivity. Moral, aesthetic, and religious values are the paradigmatic illustration of this. But economic value is also a force of this nature. It cannot be identified with a substance, be it utility or labour. This new perspective provides the economist with new tools for thinking about what a monetary community is. In so doing, it lays the foundations for a renewed dialogue with the social sciences in general and sociology in particular.

Auteur(s)

André Orléan

Revue
  • Review of Political Economy
Date de publication
  • 2023
Mots-clés JEL
A1 B52 B55 E40
Mots-clés
  • Money
  • Monetary theory
  • Monetary community
  • Value
  • Social power
Pages
  • 1-15
Version
  • 1
Volume
  • 35