Money is whatever we value. For a long long time, money is property and ownership.
Currency is the exchange of money. Nothing less, nothing more.
Suppose we value conservation & low carbon emission, we can peg a value to that instead and so too can we can change our global value system together.
Ownership is high maintaince & necessary, but the peg needs to be finite and calculable. There needs to be a correspondence between currency and fluctuating carbon emissions.
Images Source: https://www.dreamstime.com/evolution-money-step-concept-vector-history-development-barter-to-decentralized-finance-system-currency-image244334964
Money is what Money does . What Money does is important not Money itself. It is the purchasing power of Money which counts for every human beings & as such Money is important media to carry out every action of our life. With this importance of Money .
Currency being an government documents carrying out every legal action for the individual.
This is my personal opinion
Purchasing power, Rohit Manilal Parikh , I think is grounded on the capacity to own things, animals or people. That's heart of Capitalism.
money is a broad concept that includes various forms of exchange, while currency specifically refers to a government-issued medium of exchange used in a particular geographic location.
Tieu-Tieu Le Phung David Graeber's book, Debt, The First 5000 years answers this question.
Thanks for your reccommendation, Francis Vazquez-Adua . I hope it won't be another tiresome Marxist take on the problem ;-) . I am interested in deploying Deleuze and Guiltarri as a way to view this prism.
Yali 陈雅黎 Chen I like your succinct answer. I am however interested in looking at money and currency, not just as exchanges - be that being government sanctioned or not, but also a regimes of flow. As fellow Chinese, we know that money is conceived as "water/ liquid"; think that could be e fresh angle from which money and currency could be viewed and analysed.
Thank you Tieu-Tieu Le Phung I can't possibly summarise the late anthropologist David Graeber research. His research covers coinage, money, currency, confucianism and everything, everywhere all at once. His research provides informed insight that allows the reader to come to their own conclusions on the entire financial spectrum. I would consider adding the Value lens when viewing and analysing money as "water/ liquid". Here is a link for further insight: https://davidgraeber.org/articles/value-as-the-importance-of-actions/
Tieu-Tieu Le Phung It's fascinating to consider money and currency as regimes of flow, and the analogy of "water/liquid" is an interesting one to explore. In Chinese culture, water has long been seen as a symbol of fluidity, flexibility, and adaptability, and this can certainly be applied to the concept of money and currency as well.
Money is not static, but constantly flows and changes hands, and the value of money can rise and fall depending on a variety of factors. Currency is similarly subject to fluctuations and changes, affected by factors such as interest rates, global economic trends, and political events.
One way to analyze money and currency as regimes of flow might be to consider the ways in which they move through various systems and networks. This could include examining the processes of currency exchange, the circulation of cash and digital transactions, and the movement of capital between different regions and nations.
Another angle to consider could be the role of money and currency in shaping social and cultural practices. For example, the use of certain forms of currency or payment methods might be tied to particular traditions or beliefs, while economic inequality and disparities in access to financial resources can have a significant impact on social structures and power dynamics.
Francis Vazquez-Adua your reference to Confucianism definitely perked my ears, because it is an ideology of reciprocity. And not the kind mentioned by yet another anthropologist... I like the idea of value too, which ties in nicely with reciprocity.
Exchange values were grounded in systems of barter (say, one cow was deemed on a particular occasion to be worth three goats or ten sacks of barley or etc.). When such exchange values were stable over a period of time they became currency-like in that context. Settling on a basic medium of exchange as nominally unchanging and tallying other exchange values in terms of that medium gave rise to the notion of money. For example the shekel, which was a specific weight of barley, became the medium by which other commodities were valued and thereby came to constitute a currency.
Agh Karl Pfeifer you know everything! I like your chronical explaination.
Currency is the technique to buy a product and Money is the tool to buy it.
Images Source: Chapter From Fiat to Crypto: The Present and Future of Money
Image Source: Chapter From Fiat to Crypto: The Present and Future of Money
Image Source: https://1investing.in/money-functions-approaches-and-types/
Image Source: https://medium.datadriveninvestor.com/currency-revolution-combining-commodities-securities-and-currency-in-one-super-carrier-4d11bcef7db2
I live in the UK. When I was very young, if I had an old penny (1d) with Queen Victoria with her hair in a bun (a bun penny) or a light house and a ship on the other side next to Britannia, we felt very impressed!
https://www.coinsanduk.com/coins-british-grading.php?grade=Half-Penny-1860-to-1894-Victoria-Bun-Head&id=10
https://www.alamy.com/a-victorian-pre-decimal-british-copper-coin-worth-one-penny-it-featured-brittania-holding-a-trident-and-sitting-on-a-union-jack-union-flag-shield-to-her-left-is-a-lighthouse-many-lighthouses-eg-eddystone-were-allowed-to-extract-a-penny-toll-from-each-passing-ship-to-pay-for-their-building-costs-and-maintenance-to-her-right-is-a-sailing-ship-the-front-of-the-coin-showed-the-monarchs-headbritannia-is-a-cultural-icon-and-was-used-as-an-emblem-of-british-maritime-power-and-unity-image392279095.html
I am hoping to combine this question with this question:
https://www.researchgate.net/post/How_might_CARBON_EMISSION_be_used_as_an_INTERNATIONAL_CURRENCY_not_quantified_as_vapours_gas_but_as_LIQUITY_in_the_INTERNATIONAL_CURRENCY_MARKET
Please refer to the combined question here:
https://www.researchgate.net/post/How_ReTHINKING_CO2_as_LIQUIDITY_instead_of_SOLID_VAPOUR_measured_in_tonnes_can_actually_allow_a_proper_TRADING_SYSTEM_of_CO2_pegged_to_CURRENCIES
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