economic sociology, sociology of money

Berger + Luckman PDF here “Economic sociology is the study of how the material conditions of life are produced and reproduced through social processes. The field of economic sociology can be separated into the sociology of markets and the sociology of consumption…”… Sociology & Political Economy – The Global Community of Academics, Practitioners, and Activists – led by Dr. Oleg Komlik t-channel –Economic Sociology & Political Economy Wealth and Social Inequality – Research Focus

>critical theory MMT, haecceity, money, monetary policy, theories of money

nebraska rgpdf 2018 Declarations of Dependence – Money, Aesthetics, and the Politics of Care – by Scott Ferguson

About the Book – Declarations of Dependence rethinks the historical relationship between money and aesthetics in an effort to make critical theory newly answerable to politics. Scott Ferguson regrounds critical theory in the alternative conception of money articulated by the contemporary heterodox school of political economy known as Modern Monetary Theory. Applying the insights of this theory, Ferguson contends that money, rather than representing a private, finite, and alienating technology, is instead a public and fundamentally unlimited medium that harbors still-unrealized powers for inclusion, cultivation, and care.

Ferguson calls Modern Monetary Theory’s capacious ontology of money the “unheard-of center” of modern life. Here he installs this unheard-of center at the heart of critique to inaugurate a new critical theory that aims to actualize money’s curative potential in a sensuous here-and-now. Declarations of Dependence reimagines the relation between money and aesthetics in a manner that points beyond neoliberal privation and violence and, by doing so, lends critical theory fresh relevance and force.

editorial reviews
“Declarations of Dependence is humanities scholarship at its best: incisively written, it uses a new approach to a core philosophical and political question—what is money?—in the service of developing truly surprising and revealing interpretations of works ranging from medieval scholastic philosophy to Star Wars.”—David Golumbia

“A bold polemic on behalf of collective flourishing, Declarations of Dependence challenges readers to demand more from social relations and to demand more from aesthetic pleasures and should be required reading for literary and cultural theorists, political economists, care workers, and policymakers of all stripes.”—Anna Kornbluh

“Deeply original, Declarations of Dependence makes a vital contribution to cultural studies and cultural and aesthetic theory. . . . Indeed, it is so rich in suggestions that it could inspire an entire series of Modern Monetary Theory–guided inquiries into various areas of modern culture.”—Steven Shaviro

reviews 2019 Review of Declarations of Dependence by Scott Ferguson – by Brendan Cook

ABSTRACT Scott Ferguson explores the implications of Modern Monetary Theory (MMT) for contemporary metaphysics and aesthetics. He asserts that only MMT can rescue society from neoliberal austerity by realizing the potential of money as a boundless public resource with an infinite capacity to serve human and environmental needs. In order to explain the resistance to MMT, Ferguson retraces the prevailing understanding of the money form to the political crises of the fourteenth-century republic of Florence. He presents the art of the Florentine renaissance as a response to these crises and the expression of the obsession with haecceity, or ‘thisness’, which has obscured money’s restorative potential for centuries. He also suggests that the sacramental theology of the thirteenth-century Dominican friar St. Thomas Aquinas offers a potential path out of the intellectual blind alley of haecceity, towards a just, tolerant, and ecologically sustainable future.

> money, monetary policy, haecceity, Thomas Aquinas

tandfonline 2019 review of Declarations of Dependence by Scott Ferguson – by Kyle Mohr

thesiseleven 2021 Book Review: Declarations of Dependence – by Jonathan Ben-Menachem

…”…Declarations of Dependence made me challenge my prior assumption, absorbed from Marx as if by osmosis: that money itself is the root of sociopolitical instability. Rather, the alienation caused by today’s money-relation is a symptom of society’s rejection of the boundless center of care; a self-deluding shirking of duty towards our peers. 

One of my few critiques of this book, however, is that Ferguson’s effort to rehabilitate the liberatory potential of money gives money an undeserved ontological privilege—almost like compensation for centuries of metaphysical misuse. For me, money is a tool, or a double-edged sword—an administrative technology without the telos ascribed to it by Ferguson or Marx. Neoclassical economists characterize the natural evolution of self-regulating markets with similarly teleological fervor. I am perhaps more cautious about construing potential or past metaphysical attributes of money as essential or constitutive features. That said, I do think the earnestness and sincerity of Ferguson’s account makes his view all the more persuasive. 

In my view, the morally worthwhile element of MMT and the requisite negation of haecceity is the affirmation of interdependence and mutual obligation. If money is used in an effort to meet that obligation, money could potentially be liberatory. But that would require no small amount of political work, not to mention dismantling the hegemonic ideology or theology of vicious American individualism. Even if money did not become the revolution’s administrative technology of choice, I would consider the defeat of haecceity to be a net gain. But thanks to Ferguson’s scholarship, I can now picture money as a potential technology of care…”…

>expectation, inequality, valuation Jens Beckert Die Wirtschaft aus soziologischer Perspektive: Forschungsschwerpunkte

Mein Forschungsbereich ist die Wirtschaftssoziologie. Diese Teildisziplin der Soziologie erforscht den Zusammenhang zwischen ökonomischen Prozessen und den sozialen, politischen und kulturellen Strukturen, in die wirtschaftliches Handeln eingebettet ist. Während der letzten Jahre lag der Schwerpunkt meiner Forschung in der Untersuchung der Rolle von Erwartungen im wirtschaftlichen Entscheidungshandeln und für die Dynamik kapitalistischer Entwicklung. Während der nächsten Jahre wird mein Forschungsschwerpunkt, aufbauend auf meinen Arbeiten über Vermögensvererbung, in der Untersuchung von Vermögensungleichheit liegen. 2012 Capitalism as a System of Contingent Expectations – Toward a Sociological Microfoundation of Political Economy – by Jens Beckert

routledge 2013 New Approaches to Monetary Theory – Interdisciplinary Perspectives – Edited By Heiner Ganßmann

Introduction Heiner Ganssmann 2. The Role and the Place of Money and Credit in the Economy of Ancient Mesopotamia Johannes Renger 3. The Greek Invention of Money Richard Seaford 4. Explaining the Origin of Money: Interdisciplinary Perspectives N. Emrah Aydınonat 5. Weber’s ‘Last Theory of Capitalism’ and Heterodox Approaches to Money and Finance John Smithin 6. Money and Sovereignty: A Comparison between Hobbes and Modern Money Theory Jean Cartelier 7. Statistical Mechanics Approach to the Probability Distribution of Money Victor M. Yakovenko 8. Money, Credit and the Structures of Social Action Heiner Ganssmann 9. Money, Liquidity and Price Bruce G. Carruthers 10. Understanding Modern Money: How A Sovereign Currency Works L. Randall Wray 11. Monetary Equivalence and Functionalism: Implications for Central Banking Dick Bryan and Mike Rafferty 12. From Marx to Minsky: The Universal Equivalent, Finance to Production and the Deepening of the Real Subsumption of Labour under Capital Riccardo Bellofiore 13. Money, Expectations, Physics and Financial Markets: Paradigmatic Alternatives in Economic Thinking Hansjörg Herr 14. The Second End of Laissez-Faire: The Bootstrapping Nature of Money and the Inherent Instability of Capitalism Katsuhito Iwai 2013 Doing Money – Elementary Monetary Theory form a Sociological Perspective ed bei Heiner Ganssmann

see also

read english version as here