BiblioVault - Books about Money

Theology of Money

Philip Goodchild

Duke University Press, 2009

Theology of Money is a philosophical inquiry into the nature and role of money in the contemporary world. Philip Goodchild reveals the significance of money as a dynamic social force by arguing that under its influence, moral evaluation is subordinated to economic valuation, which is essentially abstract and anarchic. His rigorous inquiry opens into a complex analysis of political economy, encompassing markets and capital, banks and the state, class divisions, accounting practices, and the ecological crisis awaiting capitalism.

Engaging with Christian theology and the thought of Carl Schmitt, Georg Simmel, Karl Marx, Adam Smith, and many others, Goodchild develops a theology of money based on four contentions, which he elaborates in depth. First, money has no intrinsic value; it is a promise of value, a crystallization of future hopes. Second, money is the supreme value in contemporary society. Third, the value of assets measured by money is always future-oriented, dependent on expectations about how much might be obtained for those assets at a later date. Since this value, when realized, will again depend on future expectations, the future is forever deferred. Financial value is essentially a degree of hope, expectation, trust, or credit. Fourth, money is created as debt, which involves a social obligation to work or make profits to repay the loan. As a system of debts, money imposes an immense and irresistible system of social control on individuals, corporations, and governments, each of whom are threatened by economic failure if they refuse their obligations to the money system. This system of debt has progressively tightened its hold on all sectors and regions of global society. With Theology of Money, Goodchild aims to make conscious our collective faith and its dire implications.

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To Be a Man Is Not a One-Day Job

Masculinity, Money, and Intimacy in Nigeria

Daniel Jordan Smith

University of Chicago Press, 2017

Refrains about financial hardship are ubiquitous in contemporary Nigeria, frequently expressed through the idiom “to be a man is not a one-day job.” But while men talk constantly about money, underlying their economic worries are broader concerns about the shifting meanings of masculinity, amid changing expectations and practices of intimacy.

Drawing on twenty-five years of experience in southeastern Nigeria, Daniel Jordan Smith takes readers through the principal phases and arenas of men’s lives: the transition to adulthood; searching for work and making a living; courtship, marriage, and fatherhood; fraternal and political relationships; and finally, the attainment of elder status and death. He relates men’s struggles both to fulfill their own aspirations and to meet society’s expectations. He also considers men who behave badly, mistreat their wives and children, or resort to crime and violence. All of these men face similar challenges as they navigate the complex geometry of money and intimacy. Unraveling these connections, Smith argues, provides us with a deeper understanding of both masculinity and society in Nigeria.

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Trust in Troubled Times

Money, Banks, and State-Society Relations in Republican Tianjin

Brett Sheehan

Harvard University Press, 2003

This timely book traces the development of banking and paper money in republican Tianjin in order to explore the creation of social trust in financial institutions. Framing the study around Bian Baimei, a conscientious branch manager of the Bank of China, Brett Sheehan analyzes the actions of bankers, officials, and local elites as they tried to overcome political and financial crises and instill trust in the banking system.

After early failures in promoting trust, government authority as a regulator of the financial system gradually increased, peaking in 1935, when the state unified the money supply for the first time in several hundred years. Concurrently, when local elites proved unable to develop successful strategies to make people trust the system, their influence declined. The need for trust in increasingly complex financial arrangements redefined state-society relations, simultaneously enhancing state power and creating new constraints on the actions of both elites and governments.

Trust in Troubled Times is a valuable new perspective on the economic, social, and political history of modern China.

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Truth Games

Lies, Money, and Psychoanalysis

John Forrester

Harvard University Press, 1997

Lying on the couch, the patient must tell all. And yet, as the psychoanalyst well knows, the patient is endlessly unable--unwilling--to speak the truth. This perversity at the heart of psychoanalysis, a fine focus on intimate truths even as the lines between truth and lies are being redrawn, is also at the center of this book of essays by the renowned historian of psychoanalysis John Forrester. Continuing the work begun in Dispatches from the Freud Wars, Truth Games offers a rich philosophical and historical perspective on the mechanics, moral dilemmas, and rippling implications of psychoanalysis.

Lacan observed that the psychoanalyst's patient is, even when lying, operating in the dimension of truth. Beginning with Lacan's reading of Freud's case history of the Rat Man, Forrester pursues the logic and consequences of this assertion through Freud's relationship with Lacan into the general realm of psychoanalysis and out into the larger questions of anthropology, economics, and metaphysics that underpin the practice. His search takes him into the parallels between money and speech through an exploration of the metaphors of circulation, exchange, indebtedness, and trust that so easily glide from one domain to the other.

Original, witty, incisive, these essays provide a new understanding of the uses and abuses and the ultimate significance of truth telling and lying, trust and confidence as they operate in psychoanalysis--and in the intimate world of the self and society that it seeks to know.

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Tulipmania

Money, Honor, and Knowledge in the Dutch Golden Age

Anne Goldgar

University of Chicago Press, 2007

In the 1630s the Netherlands was gripped by tulipmania: a speculative fever unprecedented in scale and, as popular history would have it, folly. We all know the outline of the story—how otherwise sensible merchants, nobles, and artisans spent all they had (and much that they didn’t) on tulip bulbs. We have heard how these bulbs changed hands hundreds of times in a single day, and how some bulbs, sold and resold for thousands of guilders, never even existed. Tulipmania is seen as an example of the gullibility of crowds and the dangers of financial speculation.

But it wasn’t like that. As Anne Goldgar reveals in Tulipmania, not one of these stories is true. Making use of extensive archival research, she lays waste to the legends, revealing that while the 1630s did see a speculative bubble in tulip prices, neither the height of the bubble nor its bursting were anywhere near as dramatic as we tend to think. By clearing away the accumulated myths, Goldgar is able to show us instead the far more interesting reality: the ways in which tulipmania reflected deep anxieties about the transformation of Dutch society in the Golden Age.

“Goldgar tells us at the start of her excellent debunking book: ‘Most of what we have heard of [tulipmania] is not true.’. . . She tells a new story.”—Simon Kuper, Financial Times

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