HIST BC 3116y Lecture Notes - Lecture 19: Dux, Montesquieu, Complex Network
1 Nov 2016
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History of money lecture 19 (30 march 2016) Deposit receipts used as money at bank of stockholm. Radically new moment in the history of money. Make sure you get so(cid:373)eo(cid:374)e"s (cid:374)otes fro(cid:373) (cid:894)week right after (cid:271)reak(cid:895) Transformative moment relates to the polanyian form of economy as money is entering into all social relations. Money is being accepted in all of its forms. Everyone excepted money as a unit of account and measure of exchange. People did not like the store of value that money had. Increasingly people are being mediated by money giving it more power. Money is the measure of all things (18th century) Money entered the system of the state (government) Important to everyone cannot exist outside of monetized markets: complex network of social relations, many instruments operating within this network, provided a moral principle in society. Prudent, honest, repay debts promptly: breaks down moral and traditional social bonds.
