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Money is a structured process

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MENŠÍK Josef

Rok publikování 2025
Druh Recenzovaný odborný článek
Časopis / Zdroj Cambridge Journal of Economics
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
www https://doi.org/10.1093/cje/beaf028
Doi https://doi.org/10.1093/cje/beaf028
Klíčová slova Tony Lawson; Social ontology; Social positioning theory; The nature of money; Social accounting system approaches
Přiložené soubory
Popis The topic of this paper is the nature of money. Multiple scholars pointed out that there exist significant structural and processual similarities across all the known or imaginary economies: in all of them, a practically implemented social accounting system operates and helps to organise individual access to collectively produced consumption goods. This central message of the social accounting system approaches is systematised with the help of the social ontology of Tony Lawson and the Cambridge Social Ontology Group–social positioning theory (SPT). According to SPT, social reality consists of processes of social actions and interactions organ- ised (structured) by packages of rights and obligations. Among these processes and structures, the social accounting system is comprehended as a specific structured process, one connecting the processes of production and consumption. Money is identified with the whole structured process of social accounting, together with its underlying structure of monetary rights and obligations. As a corollary, the credit theory of money and modern money theory are in brief considered, and the compatibility of their ideas on the nature of money with the general framework of social positioning theory is established.
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