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Money and Calculation: Economic and Sociological Perspectives (Bocconi on Management)

Palgrave Macmillan

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ISBN 10: 0230277772 / ISBN 13: 9780230277779
Published by Palgrave Macmillan, 2010
Condition: Good Hardcover
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Bibliographic Details

Title: Money and Calculation: Economic and ...

Publisher: Palgrave Macmillan

Publication Date: 2010

Binding: Hardcover

Book Condition:Good

Edition: 2010.

About this title

Synopsis:

Emotions, reputations, relationships – so many aspects of social and organizational life today are subject to quantification and other calculative practices. Calculation develops due to a demand for control and accountability. Money is one such instrument of calculation, and the foremost. As a unit of account and means of payment, it serves the purpose of exchange. Yet, money has itself increasingly become an object of calculation and exchange on financial markets tending less to the production and exchange of real goods than the elimination of uncertainty by means of exchangeability. Has the economy therefore lost its measure? The essays collected in Money and Calculation investigate, from various viewpoints, how calculation and money bear upon the meaning of measure in contemporary economic life. They will excite and give much pause for thought to economists, sociologists, and all who have an interest in the meaning of life in our globalized world.

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Money is an important instrument of calculation: as a unit of account and means of payment, it serves the purpose of exchange. Yet, it is increasingly becoming itself an object of exchange and calculation on financial markets, which tend less to the production and exchange of real goods. The question therefore is: has the economy lost its measure?

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