Abstract

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)