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Requirements of a Philosophy of Money and Finance

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Financial Crises and the Nature of Capitalist Money

Abstract

Geoffrey Ingham is a distinguished economic sociologist and political economist who has contributed greatly to the development of a (sorely-needed) genuine ‘monetary science’ (Mendoza 2012) as opposed to the limited scope of ‘monetary economics’ as this is usually defined. A notable feature of his work has been his ‘longstanding impatience with the disciplinary boundaries of the social sciences in academia’ (Ingham 2004) and a concerted effort to break them down. In previous work (Smithin 2009, 2011), I have similarly argued that a full understanding of monetary and financial issues (and therefore of ‘economic issues’ in general)2 will require far more of an interdisciplinary approach than is currently the norm in academia. This chapter, therefore, accepts Ingham’s position essentially without reservation.

I would like to thank Geoff Harcourt and Jocelyn Pixley for the invitation to contribute to this collection and for invaluable editorial guidance. Also, Geoff Harcourt, D’Ansi Mendoza, and Hana Smithin for detailed comments on a number of specific issues.

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Authors
  1. John Smithin
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Editor information

Editors and Affiliations

  1. Macquarie University, Australia

    Jocelyn Pixley (Honorary Professor in Sociology, Senior Visiting Fellow, IRRC, Faculty of the Australian School of Business, Professorial Research Fellow) (Honorary Professor in Sociology, Senior Visiting Fellow, IRRC, Faculty of the Australian School of Business, Professorial Research Fellow)

  2. University of New South Wales, Australia

    Jocelyn Pixley (Honorary Professor in Sociology, Senior Visiting Fellow, IRRC, Faculty of the Australian School of Business, Professorial Research Fellow) & G. C. Harcourt (Visiting Professorial Fellow in the School of Economics, Faculty of the Australian School of Business, Emeritus Reader in the History of Economic Theory, Professor Emeritus) (Honorary Professor in Sociology, Senior Visiting Fellow, IRRC, Faculty of the Australian School of Business, Professorial Research Fellow) &  (Visiting Professorial Fellow in the School of Economics, Faculty of the Australian School of Business, Emeritus Reader in the History of Economic Theory, Professor Emeritus)

  3. Global Policy Institute, London Metropolitan University, UK

    Jocelyn Pixley (Honorary Professor in Sociology, Senior Visiting Fellow, IRRC, Faculty of the Australian School of Business, Professorial Research Fellow) (Honorary Professor in Sociology, Senior Visiting Fellow, IRRC, Faculty of the Australian School of Business, Professorial Research Fellow)

  4. Cambridge University, UK

    G. C. Harcourt (Visiting Professorial Fellow in the School of Economics, Faculty of the Australian School of Business, Emeritus Reader in the History of Economic Theory, Professor Emeritus) (Visiting Professorial Fellow in the School of Economics, Faculty of the Australian School of Business, Emeritus Reader in the History of Economic Theory, Professor Emeritus)

  5. University of Adelaide, Australia

    G. C. Harcourt (Visiting Professorial Fellow in the School of Economics, Faculty of the Australian School of Business, Emeritus Reader in the History of Economic Theory, Professor Emeritus) (Visiting Professorial Fellow in the School of Economics, Faculty of the Australian School of Business, Emeritus Reader in the History of Economic Theory, Professor Emeritus)

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© 2013 John Smithin

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Smithin, J. (2013). Requirements of a Philosophy of Money and Finance. In: Pixley, J., Harcourt, G.C. (eds) Financial Crises and the Nature of Capitalist Money. Palgrave Macmillan, London. https://doi.org/10.1057/9781137302953_2

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