Making money : coin, currency, and the coming of capitalism / Christine Desan
- Desan, Christine
- Oxford, United Kingdom : Oxford University Press, 2014.
- First Edition.
- Physical Description:
- xxii, 478 pages : illustrations ; 26 cm
- Machine generated contents note: The conventions and the counter-theory -- A world of commodity money -- Money reinvented -- A.The conventional creation story -- B.Money as a constitutional project -- Conceptualizing money creation: Money as fiscal value and cash premium -- Contextualizing money creation -- Making the market -- A.The unit of account, or "good and lawful sterlings" -- B.The mode of payment, or why sheriffs privileged the penny -- C.The medium of exchange and the importance of the count -- D.The fast-moving and high-powered pennies of medieval England -- A.The instability of commodity money -- B.Leveling down: resetting the standard in an unstable world -- C.Making it stick: current exchange, past deals, and the early English attachment to "nominalism" -- Nominalism and metallism -- Nominalism in the English common law -- D.The episode of the imitation pennies -- A.The English approach to value: strong money and heavy taxes -- B.The alliance and its allocation of authority -- C.The lost history of public tallies -- A.A coin too discriminating to meet the demand -- The problem of scale -- Improvising exchange under the monetary floor -- B.The peculiar credit of the English -- The shape of English credit -- Reconsidering the claims of English credit -- A.Making money free -- B.The decline of tallies as currency that came at a charge -- C.A new form of public debt: circulating promises to pay -- D.The cash bottleneck -- A.The legalities for liquidity I: nominalism as political theory -- B.The ascendance of interest -- C.The legalities for liquidity II: the case of public debt -- D.The practice of the public debt -- A.The turn towards paper money -- Financing government: debt or taxes -- The political birth of the Bank., -- B.The paradigmatic medium of the modern world: money from the Bank -- The medium of exchange-bills and notes -- The mode of payment, or how to make a fiat loop -- The unit of account, or the way sterling became paper -- Paying for money -- A.Money as home-grown credit -- A paper promise as value: the idea of credit -- The modern touchstone: functionality -- Sovereignty and money -- B.Money as traders' silver -- Defining money: the medium of "all the civilized and trading parts of the world" -- Socializing money: exchange as agency and origin -- Naturalizing money: from count to weight -- A.Resolving the debate: the Whig alliance over Bank currency and coin -- B.The liberal turn to "gold" -- Constitutional reorganization -- The end of "commodity money" and the installation of a gold pivot -- C.Money as a domestic process -- Units of account: the silver penny, the gold guinea, and the Bank of England pound -- Multiplying money: commercial banking as a source of liquidity -- Recognizing the fiat reality of money -- The private as compass -- Constitutional compromise.
- 9780198709572 and 0198709579
- Bibliography Note:
- Includes bibliographical references (pages 435-456) and index.
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