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Koddenbrock, Kai:
Money and moneyness : thoughts on the nature and distributional power of the "backbone" of capitalist political economy.
In: Journal of Cultural Economy.
Bd. 12
(2019)
Heft 2
.
- S. 101-118.
ISSN 1753-0369
DOI: https://doi.org/10.1080/17530350.2018.1545684
Abstract
This paper contends that political economy may profit from an understanding of money that is both able to account for its systemic importance as well as money’s specific role for the contemporary distribution of wealth. ‘Money-ness’ is a strategic factor in profit-making and capital accumulation. If we accord moneyness to all those instruments that make the repackaging of credit and other financial assets and liabilities and their capitalization possible, we arrive at an understanding of money that underscores the Marxian analysis of the structural importance of the money relation for capital accumulation that is up to speed with current financial innovations. As a social structure and process, moneymaking through capital permeates society. As a public-private deal between the state, rentiers, banks, and taxpayers that has existed since the foundation of the Bank of England in 1694, it binds these actors together in shifting relations of dependence. Under financial capitalism today, what counts as money and how far moneyness stretches into the realms of financial innovation has been a core object of struggle in the public-private deal of money creation.
Weitere Angaben
| Publikationsform: | Artikel in einer Zeitschrift |
|---|---|
| Begutachteter Beitrag: | Ja |
| Keywords: | Capitalism; Bank of England; derivatives; inequality; accumulation; US dollar |
| Institutionen der Universität: | Forschungseinrichtungen > Sonderforschungsbereiche, Forschergruppen > EXC 2052 - Africa Multiple: Afrikastudien neu gestalten |
| Titel an der UBT entstanden: | Nein |
| Themengebiete aus DDC: | 300 Sozialwissenschaften |
| Eingestellt am: | 27 Okt 2026 12:50 |
| Letzte Änderung: | 27 Okt 2026 12:50 |
| URI: | https://eref.uni-bayreuth.de/id/eprint/99770 |