skip to content

Faculty of Economics

Journal Cover

Lawson, T.

Social Positioning and the Nature of Money

Cambridge Journal of Economics

Vol. 40(6) pp. 961-996 (2016)

Abstract: The question of the nature of money is pursued drawing on results generated in the field of social ontology as well as on observations from history. The conception of the nature of money found in this manner to be the most sustainable is compared to various other prominent, if usually held to be mutually incompatible, theories.

Keywords: Money, Commodity, Credit/debt, Value, Social ontology, Social positioning, Social relations, Functions, Right, Obligations

JEL Codes: A10, B00, B10, B20, B30, B40, N00, P00, P10

Author links: Tony Lawson  

Publisher's Link:

Papers and Publications

Recent Publications

Bhattacharya, D. The Empirical Content of Binary Choice Models Econometrica [2021]

Porzio, T., Rossi, F. and Santangelo, G. The Human Side of Structural Transformation American Economic Review [2022]

Ductor, L., Goyal, S. and Prummer, A. Gender and Collaboration Review of Economics and Statistics, forthcoming [2023]

Ascari, G. and Haber, T. Non-Linearities, State-Dependent Prices and the Transmission Mechanism of Monetary Policy The Economic Journal [2022]