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Massimo Amato - Money and Calculation: Economic and Sociological Perspectives

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Massimo Amato Money and Calculation: Economic and Sociological Perspectives

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Money is an important instrument of calculation: as a unit of account and means of payment, it serves the purpose of exchange. Yet, it is increasingly becoming itself an object of exchange and calculation on financial markets, which tend less to the production and exchange of real goods. The question therefore is: has the economy lost its measure?

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Money and Calculation

Bocconi on Management Series

Series Editor: Robert Grant, Eni Professor of Strategic Management, Department of Management, Universit Commerciale Luigi Bocconi, Italy.

The Bocconi on Management series addresses a broad range of contemporary and cutting-edge issues relating to the management of organizations and the environment in which they operate. Consistent with Bocconi Universitys ongoing mission to link good science with practical usefulness, the series is characterized by its integration of relevance, accessibility and rigor. It showcases the work of scholars from all over the world, who have produced contributions to the advancement of knowledge building on theoretical, disciplinary, cultural or methodological traditions with the potential to improve management practice.

The series is edited by the Center for Research in Organization and Management (CROMA) at Bocconi University and is published through an agreement between Palgrave Macmillan and Bocconi University Press, an imprint of Egea.

For information about submissions of book proposals or the series in general, please contact Maurizio Zollo at .

Titles include:

Massimo Amato, Luigi Doria and Luca Fantacci (editors)

MONEY AND CALCULATION

Economic and Sociological Perspectives

Vittorio Coda

ENTREPRENEURIAL VALUES AND STRATEGIC MANAGEMENT

Essays in Management Theory


Bocconi on Management Series

Series Standing Order ISBN 9780230277663

You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and the ISBN quoted above.

Customer Services Department, Macmillan Distribution Ltd, Houndmills, Basingstoke, Hampshire RG21 6XS, England.


Money and Calculation

Economic and Sociological Perspectives

Edited by

Massimo Amato

Bocconi University, Italy

and

Luigi Doria

Bocconi University, Italy

and

Luca Fantacci

Bocconi University, Italy

Money and Calculation Economic and Sociological Perspectives - image 1

Contributors

Massimo Amato is tenured researcher at Bocconi University, Milan, and Fellow of the Institute of Advances Studies, Nantes. His fields of interest range from economic history and the history of economic thought to phenomenology. He is the author of Il bivio della moneta (The Money Junction, Egea, 1999), Le radici di una fede. Per una storia del rapporto fra moneta e credito in Occidente (The Roots of a Faith. Outline of a History of the Helationship between Money and Credit in the West, Bruno Mondadori, 2008) and Lenigma della moneta e linizio delleconomia (The Enigma of Money and the Inception of the Economy, to be published in 2010). He is co-author with L. Fantacci of The End of Finance. Where the Crisis Comes from and How we can Conceive a Way Out, Polity, to be published in 2011.

Yuri Biondi is Research Fellow for the French Institute of Research (www.cnrs.fr) at the Ecole Polytechnique of Paris (www.polytechnique.fr) and affiliated Professor of Corporate Governance and Social Responsibility at CNAM (www.cnam.fr). He is promoter and main editor of The Firm as an Entity: Implications for Economics, Accounting, and Law (Routledge, 2007) and co-editor, with Tomo Suzuki, of The Socio-Economics of Accounting (Socio-Economic Review special issue, October 2007). His current research interests are the interdisciplinary connections of firms, money and accounting, at the theoretical and applied levels.

Dick Bryan is Professor of Political Economy at the University of Sydney. He has for a number of years researched Marxian value theory and international capital movement. For the past decade his specific focus has been financial markets, and especially financial derivatives. With Michael Rafferty, he is the author of Capitalism with Derivatives: A Political Economy of Financial Derivatives, Capital and Class (Palgrave 2006).

Jean Cartelier is Emeritus Professor at Paris X-Nanterre University. His main fields of research are general economic theory, the theory of money and the history of economic thought. He has published many articles and books in defence of the monetary approach.

Luigi Doria carries out research at Bocconi University, Milan. He has been Fellow of the Nantes Institute for Advanced Studies. He has done research at the University IUAV of Venice. He has co-edited (together with Valeria Fedeli and Carla Tedesco) Rethinking European Spatial Policy as a Hologram: Actions, Institutions, Discourses, Ashgate, 2006. His most recent research interest is economic sociology, focusing on the relation between quality and calculation.

Luca Fantacci is Assistant Professor of Economic History at Bocconi University. He is the author of La moneta. Storia di unistituzione mancata (Money. History of a Failed Institution, Marsilio, 2005), and co-author with Massimo Amato of the End of Finance. Where the Crisis Comes From and How we can Conceive a Way Out, Polity, forthcoming 2011), in addition to several articles on monetary and financial history and, more recently, on the thought and activities of J. M. Keynes.

Herbert Kalthoff is Professor of Sociology at the University of Mainz, Department of Sociology, in Germany. His research interests are the sociology of knowledge and practices in the field of finance, banking and teaching, focusing on qualitative methods. He is co-editor of Facts and Figures (Metropolis, 2000) and TheoretischeEmpirie (Suhrkamp, 2008), and author of Practices of Calculation (Theory, Culture andSociety 22, 2005) and The Launch of Banking Instruments and the Figuration of Markets (Journal for the Theory of Social Behaviour 36, 2006).

Bill Maurer is Professor of Anthropology and Director of the Institute for Money, Technology and Financial Inclusion at the University of California, Irvine. He is the editor of several collections, as well as the author of Recharting the Caribbean: Land, Law and Citizenship in the British Virgin Islands (University of Michigan Press, 1997), Pious Property: Islamic Mortgages in the United States (Russell Sage Foundation, 2006) and Mutual Life, Limited: Islamic Banking, Alternative Currencies, Lateral Reason (Princeton University Press, 2005), which was awarded the Victor Turner Prize in 2005.

Alex Preda is Reader in Sociology at the University of Edinburgh, UK. He is the author of Framing Finance. The Boundaries of Markets and Modern Capitalism (University of Chicago Press, 2009) and Information, Knowledge, and Economic Life. An Introduction to the Sociology of Markets (Oxford University Press, 2009), in addition to several articles. His current research focuses on anonymous transactions in online financial markets and on the activities of non-professional traders.

Michael Rafferty is Senior Researcher at the Workplace Research Centre, University of Sydney. His research is at the interface of international capital and labour markets, and most recently he has been researching the operation and performance of pension funds. He also works extensively on financial innovation. With Dick Bryan, he is the author of Capitalism with Derivatives: A Political Economy of Financial Derivatives, Capital and Class

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