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A Social and Economic Theory of ConsumptionThe Use and Meanings of Money

A Social and Economic Theory of Consumption: The Use and Meanings of Money [No discussion of the economic conditions for consumption and their distribution in society can avoid dealing with the peculiar thing that lies at the heart of those economic conditions, i.e. money. Money is, of course, itself a commodity that circulates in the market as payment for consumer goods. However, it is not just any commodity but has unique distinctive characteristics. It mediates between production and consumption, or goods and our desires. Money has been given this function because it is necessary to have a common measure of exchange value that is ‘pure’, an ‘abstraction’ that is independent of other commodities (Simmel 1978, 165).] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

A Social and Economic Theory of ConsumptionThe Use and Meanings of Money

Editors: Sulkunen, Pekka; Gronow, Jukka; Noro, Arto; Rahkonen, Keijo; Warde, Alan
Ilmonen, Kaj
A Social and Economic Theory of Consumption — Aug 31, 2015
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Publisher
Palgrave Macmillan UK
Copyright
© Palgrave Macmillan, a division of Macmillan Publishers Limited 2011
ISBN
978-1-349-31873-5
Pages
82 –100
DOI
10.1057/9780230295339_6
Publisher site
See Chapter on Publisher Site

Abstract

[No discussion of the economic conditions for consumption and their distribution in society can avoid dealing with the peculiar thing that lies at the heart of those economic conditions, i.e. money. Money is, of course, itself a commodity that circulates in the market as payment for consumer goods. However, it is not just any commodity but has unique distinctive characteristics. It mediates between production and consumption, or goods and our desires. Money has been given this function because it is necessary to have a common measure of exchange value that is ‘pure’, an ‘abstraction’ that is independent of other commodities (Simmel 1978, 165).]

Published: Aug 31, 2015

Keywords: Credit Card; Family Finance; Paper Money; Household Spending; Secular World

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