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It first considers the traditional interpretation of money, that is, as “market money,” and then proposes an alternative model of “special monies” that incorporates the social and symbolic significance of money. Next, it presents a historical case study of domestic money as one example of a special money.
The changing social meaning and structure of domestic money, specifically married women's money in the United States, 1870-1930, are examined as an empirical case study of a special money.
- Viviana A. Zelizer
- 1989
May 24, 2022 · We systematized the sociological literature on money usage into the four categories of money as freedom, money as a signal, money as a means of community building and money as a means to regulate and discipline behaviour.
- Market-Based Economies
- The Catastrophic Impact of Capitalist Society
- The American Dream
- Consumerism
- Rethinking Capitalism
- Sharing Events
- Local Currencies
- Participatory Budgeting
A market-based economy also known as a free-market economy is an economic system in which the goal is to maximize profit in the cheapest and most efficient way. Free markets use the rules of supply and demand to determine the price of goods and services. The companies that produce goods and services are privately-owned which allows the freedom of b...
It is no secret that Capitalism has had devastating outcomes on the lives of Americans in a variety of ways. The ever-increasing income inequality, lack of access to affordable and adequate health care, environmental racism and food insecurity to name a few. There are lesser tangible implications that go hand in hand with living in a modern society...
The United States has a long history of marginalized groups of people leaving their home countries for a chance to improve living conditions. There is a deep-rooted cultural belief that with hard work, effort and persistence that any individual no matter who the person is or where they started out in life can achieve economic success. This is known...
On one hand, the American Dream is an example of a cultural belief held both by the working poor class who desperately chase the American Dream; by the middle class who have in some ways “achieved” the American Dream and now have to upkeep it to accumulate wealth, invest in property ownership, move to a wealthy suburb etc. Consumer culture on the o...
With all the disillusionment and economic suffering that Capitalism may bring for individuals, there is an opportunity to create a better society; one that is inclusive, equitable and just. There is a growing cultural paradigm shift that prioritizes community, sustainability and collaborative processes over profit-making.
A study by the Appalachian State University shows that there are efforts to bring people together through what is called “Sharing Events”. Sharing Events are free private or public events designed for people to have access to the sharing of knowledge, resources, post-consumption activities including upcycling, recycling, reusing etc. (Alternative M...
Similar to the Global Ecovillage Network with an emphasis on supporting local economic activity and circulating wealth rather than accumulating is reflected in the establishment of local currencies in Brazil. Lila Gaudêncio a PhD student studied local currencies in Brazil that was designed to improve local economy and saw such a form of civic engag...
A final example in this article is Participatory Budgeting or a form of civic engagement in which the local government sets aside a financial budget for the making of a neighborhood project and in which citizens are invited to be involved in via a democratic process. This example demonstrates the power of human agency and how people can use their t...
Definition. Imagine economic sociology as a map that helps us see the larger landscape of our society’s money and work. It’s not just about dollars and cents; it’s about understanding how our daily interactions, how we treat each other, and the groups we belong to shape the flow of money.
Some anthropologists view primitive money as the simple precursor or forerunner of modern money (e.g., Armstrong, 1924, 1928), but this view misses the critical connection between socioeconomic structure and money (Dalton, 1967).
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Jan 21, 2016 · Sociological analyses of money and credit pose a fundamental challenge to the conceptualization of money in neoclassical economics. Instead of seeing money as a neutral veil—a mere lubricant of economic exchange—sociologists examine how money is embedded in social relations, how social institutions shape money, and how monetary relations ...
