Download Money as God?: The Monetization of the Market and its Impact by Jürgen von Hagen, Michael Welker PDF

By Jürgen von Hagen, Michael Welker

The character of cash and its influence on society has lengthy students of economics, heritage, philosophy, legislation, and theology alike, and the hot monetary main issue has moved those matters to the leading edge of present public debate. during this research, authors from more than a few backgrounds supply a unified exam of the character and the aim of cash. Chapters conceal the industrial and social foundations of cash; the ancient origins of cash in old Greece, China, the traditional center East, and medieval Europe; difficulties of justice hooked up to using funds in felony platforms and criminal settlements, with examples either from historic background and at the present time; and theological features of economic and marketplace trade. This stimulating interdisciplinary publication, with its nontechnical and vigorous dialogue, will attract a world readership operating within the interfaces of economics, legislations and faith.

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Extra resources for Money as God?: The Monetization of the Market and its Impact on Religion, Politics, Law, and Ethics

Example text

Nevertheless, Hölscher shows that, in the Greek cities, the emergence of rich temples and the emergence of coined money evolved in parallel. Thus, it is relatively small governments lacking a powerful administration that find the use of coined money convenient for paying workers engaged in public projects. e. governments stamped more coins out of a given quantity of precious metal in order to gain seignorage. It is interesting to observe that, as Hölscher points out, the Greek cities were not ruled by a strong, independent authority but by the “polis,” the community of the citizens, and thus the users of the coins themselves.

An allocation of goods is a distribution of the goods existing in the economy over all consumers. Since goods are 33 G. Debreu, The Theory of Value: An Axiomatic Analysis of Economic Equilibrium. New Haven, CT: Yale University Press 1959. 30 Jürgen von Hagen defined by the time of their availability, complete markets means that all trading takes place simultaneously in the initial period of existence of the economy. This implies that contracts can specify the exchange of goods available at different points in time.

The first force is the breaking up of traditional, closely knit social relations among the participants in economic exchanges, resulting in a dissolution of trust and the disappearance of trade credit. -L. Seow, Ecclesiastes, Anchor Bible 18C, New York, 1997, 23. , 21. 53 Ibid. H. Spieckermann and M. Welker, “Der Wort Gottes und der Wert des Besitzes für den Menschen nach Qohelet,” in: Gott und Geld, 103. 38 Jürgen von Hagen trade credit, or the decline of traditional powers enforcing trade contracts among local traders.

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