Toward a moral economy of money? Money as a creature of democracy

Feinig, Jakob

doi:10.1080/17530350.2020.1729223

Cited by 9 publications

(6 citation statements)

References 55 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…current generation of legal scholars claiming radical credentials" (2002,120), despite the centrality of his work to the early Critical Legal Studies movement. 13 However, his moral economy work has recently been more thoroughly engaged (Boyd 2018;Feinig 2020;Paul 2021;Herrine 2021).…”

Section: Moral Economy: Some Conceptual Clarification and Adaptationmentioning

confidence: 99%

“…For example, while some scholars have framed the drug-sharing practices of San Francisco's homeless heroin users as part of a moral economy, Edelman (2012, 64) considers them a survival mechanism, and he helpfully questions whether they would be recognized outside that group or used to make claims on superordinate groups, such that they could be considered a moral economy. 19 Moreover, while Thompson focused on claims to food (and drink) staples in a context of dearth, subsequent scholars have understood the moral economy more expansively to encompass commonly held norms about just prices for a range of goods (Boyd 2018), about money in general (Feinig 2020), and about popular notions of consumer fairness. 20 Dearth is not required for these understandings of the moral economy, although perceptions of crisis may fuel the need to clarify the boundaries separating essentials from inessentials.…”

Section: A the Moral Economy Beyond The English Food Riotmentioning

confidence: 99%

“…;Edelman 2012;Faith 2019;Feinig 2020;Paul 2021;Herrine 2021), I extend the term "moral economy" beyond the English food riots of the 1700s, while seeking to delimit it such that it does not refer, too loosely, to all morally or culturally inflected debates about money, or to all riots. 14 Traditional expectations of fair prices in relation to food subsistence may have been rendered obsolete as Thompson suggests, but new customary entitlements emerged, sometimes echoing those expectations, sometimes drawing on other frameworks.…”

mentioning

confidence: 99%

See 2 more Smart Citations

Gambling in the Moral Economy: A Case Study of Law and Regulation in a Pandemic

Bedford¹

2022

JLPE

View full text Add to dashboard Cite

This article adapts the concept of the moral economy and applies that adapted concept to UK gambling regulation during the early years (2020-21) of the COVID-19 pandemic. I extend the moral economy concept beyond the eighteenth-century English food riot, and beyond food staples. I also examine the role of law and regulation in the moral economy and highlight charity's importance to moral economy debates. I then consider gambling through a moral economy lens by exploring the pandemic-era regulation of horserace betting, lotteries, and bingo. I show that gambling in some forms (horserace betting and lotteries) was important to pandemic recovery projects and to spectacles of national coming together. Via lotteries, for example, the state sought to adjust customary expectations about the role of volunteers in providing essential services. Although regulators generally ignored bingo, there was a pandemic resurgence in self-organized games that is especially significant for work on the moral economy. I conclude by identifying some broader implications of this study, including on how essentiality is legally constructed, and on charity and volunteering within the moral economy.

show abstract

Section: Moral Economy: Some Conceptual Clarification and Adaptationmentioning

confidence: 99%

Section: A the Moral Economy Beyond The English Food Riotmentioning

confidence: 99%

mentioning

confidence: 99%

See 1 more Smart Citation

Gambling in the Moral Economy: A Case Study of Law and Regulation in a Pandemic

Bedford¹

2022

JLPE

View full text Add to dashboard Cite

show abstract

“…Another set of articles about the financial crisis sought to trace the genealogies of the boom and bust of the early 2000s (Cooper 2011, Allon and Redden 2012, Nelms 2012, Tellmann 2016, Feinig 2020. These articles might be conceived, in Foucault's (1979) terms, as histories of the present, as they examine the formations of power relations and knowledge that made the crisis and responses to it possible.…”

Section: * * *mentioning

confidence: 99%

Doing economics otherwise, from one crisis to the next

Hardin

2021

Journal of Cultural Economy

View full text Add to dashboard Cite

“…Due to the economic and financial turmoil since the 2008 financial crisis, there has been a growing interest in how money is created and institutionalized within society (Christophers 2011 ; Koddenbrock 2019 ; Mellor 2019 ; Feinig 2020 ; Hook 2022 ). Indeed, in recent years, various heterodox 1 explanations of money creation have sought to challenge established myth-laden orthodoxies.…”

Section: Introduction: the Under-analysis Of Money Creation And Its I...mentioning

confidence: 99%

Towards an institutional “landscape” view of modern money creation mechanisms and some reflections on their ecological significance

Hook

2023

Sustain Sci

View full text Add to dashboard Cite

In recent years, a number of different strands within heterodox economic thinking have successfully provided more empirically robust and sociologically informed analyses of how money gets created. However, there is a tendency within these analyses to discuss the different money creation theories and institutional practices in isolation, inhibiting a broader audience from grasping the whole institutional picture. By integrating contemporary heterodox theories and the latest empirical evidence, this article therefore attempts to develop a “landscape” view of modern money creation that visualizes and explains the different ways that modern money is created. It suggests that, while it is ultimately only commercial banks that can “create” new bank deposits in customers’ accounts, this may be initiated by one of three institutional mechanisms: by customers “borrowing new money into existence” when commercial banks make loans; by central banks creating new money when they purchase assets such as government bonds from investors; and by the government “spending new money into existence”. The article also reflects on how a clearer institutional understanding of these processes may be helpful in improving our overall capacity to think about how money creation may better serve current urgent social and environmental needs, especially in the post-COVID-19 context.

show abstract

Toward a moral economy of money? Money as a creature of democracy

Cited by 9 publications

References 55 publications

Gambling in the Moral Economy: A Case Study of Law and Regulation in a Pandemic

Gambling in the Moral Economy: A Case Study of Law and Regulation in a Pandemic

Doing economics otherwise, from one crisis to the next

Towards an institutional “landscape” view of modern money creation mechanisms and some reflections on their ecological significance

Contact Info

Product

Resources

About