Although many historians of science acknowledge the extent to which Greek and Roman ideals framed eighteenth-century thought, many classical references in the texts they study remain obscure. Poems played an important role not only in spreading ideas about natural philosophy, but also in changing people’s perceptions of its value; they contributed to Newton’s swelling reputation as an English hero. By writing about Latin poetry, we focus on the intersection of two literary genres that were significant for eighteenth-century natural (...) class='Hi'>philosophy, but seem alien to modern science. We classify Augustan Latinate scientific poetry by considering the audiences for whom the poems were intended. We distinguish three broad categories. One type of poetry was circulated amongst gentlemanly scholars. A second group comprised poetry written specifically to promote or criticise Newton and his books, particularly the Principia. After Newton’s death, a third type of poetry became increasingly significant, included in collections of poems rather than in texts of natural philosophy. Overall, we show how the classical past was vital for creating the scientific future.Author Keywords: Isaac Newton; Neo-Latin; Lucretius; Oxford and Cambridge verse; Edmond Halley; Queen Caroline. (shrink)

The complete translation of Simmel's classic work in which he provides us with a dazzling and wide-ranging discussion of the social, psychological and philosophical aspects of the money economy.

This revised edition of the first complete translation of the seminal work 'Die Philosophie des Geldes' by Georg Simmel includes a new preface by David Frisby.

Release dates: 30 January 2024 (UK and Europe), 18 March 2024 (North America). This collection of essays introduces scholars and students to the emerging field of the philosophy of money and finance. The field is a relatively new subdiscipline within the subject of philosophy. Although philosophical theorizing about money and finance dates back to Antiquity, the events of the 2008 financial crisis brought new urgency to a broad array of questions about finance, and the body of (...) philosophical research on the topic is growing. To date, there is no comprehensive introduction to this body of research – especially none which acknowledges its full breadth and potential. This volume aims to provide a much-needed introduction. -/- The volume is divided into the following four sections: Metaphysics, Epistemology and Philosophy of Financial Economics, Ethics, and Political Philosophy. -/- . (shrink)

This article is an attempt to sketch a philosophical view of money as a social phenomenon. I show that the way to understand the substance of money is to analyze its meaning as a medium of exchange in connection with its meaning as a purpose of exchange, thereby providing an investigation of its social value. This approach has been used by many of the great philosophers and economists of the past, but not today. Modern economics is a policy (...) oriented theoretical discipline and concentrates its efforts on solving practical tasks. I hope to contribute a philosophical approach to economic research. (shrink)

This chapter provides an introduction to the emerging field of the philosophy of money and finance. The field addresses philosophical issues about the nature of money and the normative foundations of financial systems. Although philosophical theorizing about money and finance dates back to Antiquity, the topic has only recently emerged as a central research focus. The chapter also introduces the present anthology and locates its parts and chapters in the broader field. More specifically, the anthology is (...) divided into four main parts: Metaphysics, Epistemology, Ethics, and Political Philosophy. Each part contains four chapters on different but interrelated topics, which are all introduced here. (shrink)

At last an English edition of Georg Simmel’s Philosophie des Geldes has appeared. Simmel first published this work in Germany in 1900. A second and enlarged edition was published in 1907. The Philosophy of Money is the first complete English translation of the second edition.

Political philosophy harbors two schools of thought concerning money: the liberal, which regards it as a facilitator for freedom and enterprise, and the socialist/anarchist, which condemns it. liberal accounts of money and left-wing critiques (including those of marx and simmel) are analyzed. the role of money in promoting distributive justice is discussed using four models of money-free society. it is shown that money is pivotal in facilitating social justice based on substantive equality.

Philosophers today do not think of Goethe’s Faust as an important contribution to the philosophy of money. But to discount the work in this way is a mistake, I argue. Underneath Faust’s lyrical form, Goethe develops a comprehensive view of money that came to be an important influence on left-wing (Karl Marx) and right-wing (Oswald Spengler) discussions of money. Centrally, Goethe argues that modern economic practices have transformed money obsession (long conceived of primarily as an (...) individual vice) into a structural problem: social structures are now set up to systematically require individuals to engage in quasi-obsessive behaviors towards money (e.g. persistently talking about/sacrificing for money) independently, to a significant degree, from their individual choices. This structural power, Goethe proposes, requires a rethinking of how behavior towards money should be morally evaluated – and, importantly, a critique of moral attitudes that individualize what is, in truth, a social problem. (shrink)

Money has been a polarising and unresolved socio-economic issue for more than 300 years. In this article, we explore how the state became increasingly involved in money and, through the words of prominent monetary theorists, identify the problem of the state in money. We analyse Bitcoin to see if it is a solution to this problem but move on to contend that the political dimension needs to be the focus of theory in the 21st century and that (...) control of the supply of money, and the power that it gives, is the root of contention. (shrink)

A major representative of the German sociological tradition, Georg Simmel (1858-1918) has influenced social thinkers ranging from the Chicago School to Walter Benjamin. His magnum opus, The Philosophy of Money, published in 1900, is nevertheless a difficult book that has daunted many would-be readers. Gianfranco Poggi makes this important work accessible to a broader range of scholars and students, offering a compact and systematically organized presentation of its main arguments. Simmel's insights about money are as valid today (...) as they were a hundred years ago. Poggi provides a sort of reader's manual to Simmel's work, deepening the reader's understanding of money while at the same time offering a new appreciation of the originality of Simmel's social theory. (shrink)

This article explores the notion of ‘perfect’ money that Simmel introduces in The Philosophy of Money. Its aim is twofold: first, to connect this idea to his more general arguments about the nature of society and the ambivalence of modernity, and, second, to assess its relevance for contemporary debates about the future of money, especially following the global financial crisis. I argue that Simmel’s concept of perfect money can be understood as utopian in two senses, (...) conceptual and ethical, that correspond to the two interpretations he develops, in Soziologie, of the idea of a perfect society. This sheds light on an aspect of Simmel’s writings that has attracted relatively little attention, namely his views on the relationship between money and socialism. Characterizing this relationship as a ‘formal affinity’, his remarks resonate with a long tradition of thought on monetary utopias that aim not for the abolition of money but its radical transformation as a means of improving society. This tradition is coming to the fore once again today, as the financial crisis has given new impetus to constructing forms of money – for example, LETS, Time Dollars, mutual credit, peer-to-peer lending and digital currencies such as Bitcoin – that provide viable alternatives to big banks. Understood in conjunction with his account of the ‘tragedy’ of individualism in modernity, such resonances demonstrate the enduring relevance of Simmel’s work to the empirical and theoretical investigation of money. (shrink)

Hume's political economy and his contributions to monetary theory are usually regarded as a minor part of his philosophic output. This paper argues that Hume's monetary ideas can, in fact, be read back into his moral and epistemological concerns so as to give the institution of money a larger significance for Humean social thought. In particular, the possibility of an abstract and entirely fiduciary money, like Hume's notion of sympathy, promises to transcend the entropic logic of representation that (...) otherwise enervates Hume's utilitarian sensationalism. At the same time, Hume's stress upon money as a social convention highlights the importance of _money illusion, and of commercial virtue more generally, as nonrational underpinnings of the capitalist ethos. (edited). (shrink)

This article seeks to understand a puzzling aspect of Georg Simmel’s The Philosophy of Money, namely, the many religious analogies Simmel uses to characterize money. We argue that with these analogies Simmel indicates how what he would later term ‘the transcendent character of life’ permeates mundane monetary interactions. Specifically, we articulate how key religious forms of experience – faith, unity, and individuality – exist in monetary exchange and point toward a distinctively Simmelian way to understand the interplay (...) between religion and economics. (shrink)

The financial crisis of 2007–2008 had its origins in the manner by which complex financial instruments allowed qualitative phenomena to become a tradable commodity. This process is part of a profound tendency in modern economic life to convert the qualitative, specific and non-commensurable into quantitative data. Simmel, in his Philosophy of Money, identified this transformative quality as an inherent characteristic of money. This paper argues that Simmel’s work continues to provide important insights. Modern financial instruments, in particular (...) collateralised debt obligations, possess this same transformative power thus showing the enduring relevance of Simmel’s work. (shrink)

As one of the first modern philosophers, Georg Simmel systematically developed a “relativistic world view” (Simmel 2004, VI). In this paper I attempt to examine Simmel’s relativistic answer to the question of truth. I trace his main arguments regarding the concept of truth and present his justification of epistemic relativism. In doing so, I also want to show that some of Simmel’s claims are surprisingly timely. Simmel’s relativistic concept of truth is supported by an evolutionary argument. The first part of (...) this paper outlines that pragmatic foundation of his epistemology. The second part of the paper shows that Simmel develops what today would be called a coherence theory of truth. He presents his coherentist view that every belief is true only in relation to another one primarily as a theory of epistemic justification. The third part turns to Simmel’s original way of dealing with the (in)famous self-refutation charge against relativism. (shrink)

John Searle has proposed one of the most influential contemporary accounts of social ontology. According to Searle, institutional facts are created by the collective assignment of a specific kind of function —status-function— to pre-existing objects. Thus, a piece of paper counts as money in a certain context because people collectively recognize it as money, and impose a status upon it, which in turn enables that piece of paper to deliver certain functions (means of payment, etc.). The first part (...) of this essay presents Searle’s theory of social ontology and summarizes his views on money. The second part centers on criticisms of his views and compares his theory with its main competitors, including the theories of Tuomela, Guala and Hindriks, and Smit, Buekens and Duplessis. The conclusion attempts to see what may remain of Searle’s theory after careful examination. (shrink)

Naturalism is still facing a strong opposition in the philosophy of social science from influential scholars who argue that philosophical analysis must be autonomous from scientific investigation. The opposition exploits philosophers’ traditional diffidence toward social science and fuels the ambition to provide new foundations for social research. A classic anti-naturalist strategy is to identify a feature of social reality that prevents scientific explanation and prediction. An all-time favorite is the dependence of social phenomena on human representation. This article examines (...) two prominent versions of the dependence thesis and concludes that they both fail. Contemporary social science is capable of accounting for the causal dependence of social reality on representation, and there is no reason to believe that social entities are ontologically dependent on the collective acceptance of a constitutive rule. (shrink)

This essay argues that there is no obvious reason not to make money doing philosophy. Whether philosophical counselling is justified, however, dependson the practitioners of this service defining the benefit of that service.

Trois philosophes du 17ème siècle, à son début, vers sa moitié et près de sa fin, ont utilisé la comparaison entre mots et monnaie: Bacon, Hobbes et Leibniz, respectivement. Quoique leurs textes à cet égard soient très semblables, ils emploient cette comparaison pour expliquer des thèses assez différentes sur la nature et les fonctions du langage. Cet article essaye de dégager ces différences, en les rapportant aux différentes philosophies du langage de ces auteurs. Il est aussi suggéré que de telles (...) differences peuvent être symptomatiques des changements qui, d'après M. Foucault, auraient eu lieu au cours du 17ème siècle au niveau de l'«épistémé» occidentale. (shrink)

This article presents the results of a study that investigated the roles that religiosity and ones money ethic play in determining consumer attitudes/beliefs in various situations regarding questionable consumer practices. One dimension of religiosity – intrinsic religiousness – was studied. Four separate dimensions of a money ethic scale were initially examined, but only one was used in the final analyses. Results indicated that both intrinsic religiousness and one’s money ethic were significant determinants of most types of consumer (...) ethical beliefs. (shrink)

For Plato, one mark of the difference between sophistry and philosophy is that the sophist takes fees for service. His Socrates does not. However, this paper points out that Socrates' attitude to money reflects his unique indifference to things bodily, and a more satisfactory understanding of Plato on money needs to turn to his discussion of the love of money or avarice, especially in the Republic. Plato locates money-loving in appetitive soul along with physical cravings (...) like hunger and lust; why he should do so is explained if avarice is seen as a primary instance of a more pervasive possessiveness that is ultimately somatic in nature. I argue that though his remedies are too severe, Plato is right to warn against avarice and its possible effects upon the practice of philosophy. And following Plato I conclude that philosophy is best understood as enquiry unconstrained by the interests of the market and carried out in the context of academic freedom. (shrink)

Among the world richest people, who are the richest people in the world? Those with a spiritual code of ethics (highest ethics and values, and ethical behavior). In the book “The Science of Money”, Gnani Purush (embodiment of Self knowledge) Dada Bhagwan explains the spiritual science behind Money and it’s use. He describes that one’s ethical values create a spiritual balance sheet, influencing one’s financial balance sheet. Dadashri offers in-depth answers to questions such as: “How would a spiritual (...) teacher define business ethics? “In financial dealings, which moral ethics are to be followed?” “Among the ways to get rich, is it true that the simplest means is by giving away money?” “Why is it helpful to donate to charity, and what are the reasons to make an anonymous donation?” “Of the many charities to donate to, what are the best charities to donate to?” Among the myriad of spiritual books available today, it is rare to find spiritual guidance related to the use of money. For learning the hidden principles that govern one’s ultimate balance sheet (what one leaves behind or takes with him when he dies), this book will prove an invaluable resource. (shrink)

Today, money takes an important role in our life, which is accompanied by a special mental phenomenon, i.e., fetish of money. Generally, this phenomenon occurs in modern society characterized by the money economy system. And this paper tries to give a systematic argument of fetish of money in order to uncover the ontological ground of it. It will be clarified in three parts. First, the reason why money and fetish of money are historically inevitable (...) in history will be listed out and analyzed, through the discussion about the separation of individuality from sociality. Second, the ontological ground of fetish of money will be demonstratedbased on the argument of individual freedom in the way which history is considered identical with logic. This part will involve the analyses of the relationship between money and positive individual freedom, of the relationship between fetish of money and abstract individual freedom, and of mysteriousness of money and religiousness of fetish of money. Finally, there is an attempt to answer the question whether it is possible to overcome fetish of money. (shrink)