front cover of Africa's Last Colonial Currency
Africa's Last Colonial Currency
The CFA Franc Story
Fanny Pigeaud
Pluto Press, 2021
Colonialism persists in many African countries due to the continuation of imperial monetary policy. This is the little-known account of the CFA Franc and economic imperialism. The CFA Franc was created in 1945, binding fourteen African states and split into two monetary zones. Why did French colonial authorities create it and how does it work? Why was independence not extended to monetary sovereignty for former French colonies? Through an exploration of the genesis of the currency and an examination of how the economic system works, the authors seek to answer these questions and more. As protests against the colonial currency grow, the need for myth-busting on the CFA Franc is vital and this exposé of colonial infrastructure proves that decolonization is unfinished business.
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American Value
Migrants, Money, and Meaning in El Salvador and the United States
David Pedersen
University of Chicago Press, 2012
Over the past half-century, El Salvador has transformed dramatically. Historically reliant on primary exports like coffee and cotton, the country emerged from a brutal civil war in 1992 to find much of its national income now coming from a massive emigrant workforce—over a quarter of its population—that earns money in the United States and sends it home. In American Value, David Pedersen examines this new way of life as it extends across two places: Intipucá, a Salvadoran town infamous for its remittance wealth, and the Washington, DC, metro area, home to the second largest population of Salvadorans in the United States.
 
Pedersen charts El Salvador’s change alongside American deindustrialization, viewing the Salvadoran migrant work abilities used in new lowwage American service jobs as a kind of primary export, and shows how the latest social conditions linking both countries are part of a longer history of disparity across the Americas. Drawing on the work of Charles S. Peirce, he demonstrates how the defining value forms—migrant work capacity, services, and remittances—act as signs, building a moral world by communicating their exchangeability while hiding the violence and exploitation on which this story rests. Theoretically sophisticated, ethnographically rich, and compellingly written, American Value offers critical insights into practices that are increasingly common throughout the world.
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Art & Money
Marc Shell
University of Chicago Press, 1995
In our age of art as investment and of skyrocketing prices at the gallery and the auction house, the study of art and money has become urgent—at least for investors and cultural critics. At the same time, crises in finance have disrupted economic and credit institutions and in turn assumptions about the value of art. Art & Money is a frank, provocative, and entirely unconventional look at two worlds in tandem, focusing on what binds together and drives apart the realms of art and money. Profusely illustrated, it investigates how money becomes (or is) artwork and how artwork comes to assume some of the characteristics of money.

Unlike traditional approaches to the topic, Art & Money is not a study of money and exchange as an artistic "theme." It is also not a study of economics as a context for the history of art. Rather, it is a path-breaking exploration of the internal logic—the set of meanings and values—common to both money and art.

Art & Money provides striking insight into current matters of art collection, counterfeiting, and problems of attribution, into the general relation between word and image, and into controversies over taxation and crises or scandals in the financial world. Shell's historical range is immense, and he fills this study with amusing anecdotes and insights ranging from the relic of the Holy Foreskin to the state's arrest of J. S. G. Boggs, a conceptual artist who draws money. Illustrated with over one hundred halftones and eight color plates, this stunning volume will force a rethinking of our old presumptions about where money ends and art begins.
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Axe-Monies and Their Relatives
Dorothy Hosler, Heather Lechtman, and Olaf Holm
Harvard University Press, 1990


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