JOURNAL ARTICLE
The Art of Not Being Seen: The Politics of Money.
Published In: Contributions to Political Economy, 2023, v. 42, n. 1. P. 27 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Peacock, Mark 3 of 3
Abstract
This article reviews Stefan Eich's book *The Currency of Politics: The Political Theory of Money from Aristotle to Keynes*, which explores how money has been politically shaped to appear depoliticized and removed from democratic control. Eich traces this depoliticization through historical and theoretical perspectives, from Aristotle's view of money as a political instrument tied to justice, through Locke's insistence on a fixed metallic standard to prevent political interference, to Fichte's social-contract-based monetary system, and Keynes' ambivalent stance on monetary democracy and nationalism. The review highlights Eich's argument that depoliticized money masks ongoing political interventions and that reclaiming money as a democratic institution involves recognizing its distributive and justice-related effects. Eich sees the current "monetary interregnum" as an opportunity for democratic monetary experimentation, emphasizing money as a public good requiring greater democratic oversight, though he offers no definitive blueprint for such democratization.
Additional Information
- Source:Contributions to Political Economy. 2023/07, Vol. 42, Issue 1, p27
- Document Type:Article
- Subject Area:History
- Publication Date:2023
- ISSN:0277-5921
- DOI:10.1093/cpe/bzad017
- Accession Number:171388913
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