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Making Money
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Making Money: Coin, Currency, and the Coming of Capitalism

Christine Desan

Abstract

Money travels the modern world in disguise. It looks like a convention of human exchange – a commodity like gold or a medium like language. But its history reveals that money is a very different matter. It is an institution engineered by political communities to mark and mobilize resources. As societies change the way they create money, they change the market itself -- along with the rules that structure it, the politics and ideas that shape it, and the benefits that flow from it. One particularly dramatic transformation in money’s design brought capitalism to England. For centuries, the Engl ... More

Keywords: money, convention, real value, coin, commodity money, creditbank notes, currency, capitalism, Bank of England, monetary revolution, public debt, public finance, Gold Standard, neutrality, economics

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780198709572
Published to Oxford Scholarship Online: January 2015 DOI:10.1093/acprof:oso/9780198709572.001.0001

Authors

Affiliations are at time of print publication.

Christine Desan, author
Harvard Law School