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Money is no object: Money, cryptocurrency, fiction
| Content Provider | SAGE Publishing |
|---|---|
| Author | Haynes, Paul |
| Copyright Year | 2022 |
| Abstract | Georg Simmel depicts money as an evolving entity that will continue to evolve to a state of ‘perfect money’ disconnected from any external guarantor of value. This article examines some of the different approaches to substantial value underpinning money, suggesting that they represent different types of fictional underwriting. Money is then contrasted with cryptocurrency, suggesting that their respective value is not only derived from different fictions but from different standards of value as major and minor currency. This analysis suggests that far from evolving into a fully abstract and functional instrument for creating stable social relationships, the divergence in currencies and currency fictions is a force for overturning such ‘expedient’ stability. |
| Related Links | https://journals.sagepub.com/doi/pdf/10.1177/14705931221137733?download=true |
| ISSN | 14705931 |
| Journal | Marketing Theory (MTQ) |
| e-ISSN | 1741301X |
| DOI | 10.1177/14705931221137733 |
| Language | English |
| Publisher | Sage Publications UK |
| Publisher Date | 2022-11-02 |
| Publisher Place | London |
| Access Restriction | Open |
| Rights Holder | © The Author(s) 2022 |
| Subject Keyword | bitcoin Money minor currency fiction cryptocurrency Deleuze and Guattari |
| Content Type | Text |
| Resource Type | Article |
| Subject | Marketing |
