The Meaning Of Money

Emily Martin’s Lewis Henry Morgan Lectures, The meaning of money in China and the United States, inaugurates the Hau-Morgan Lectures Initiative with the University of Rochester. Martin’s lectures—hitherto unedited—are an instant classic, not only for scholars of China and the United States, but for those working in the history and anthropology of money. As relevant and timely now as it was twenty-eight years ago, this lecture series highlights the vicissitudes of money beyond tired theoretical divides between global political economy and local symbolic relativism. In a time when economic forecasts show that China will soon pass the US as the world’s leading economic power, Martin’s lectures could not be more germane, more insightful, and more poised for an ethnographic critique of the economic present.

A dollar is a dollar—or so most of us believe. Indeed, it is part of the ideology of our time that money is a single, impersonal instrument that impoverishes social life by reducing relations to cold, hard cash. After all, it's just money. Or is it? Distinguished social scientist and prize-winning author Viviana Zelizer argues against this conventional wisdom. She shows how people have invented their own forms of currency, earmarking money in ways that baffle market theorists, incorporating funds into webs of friendship and family relations, and otherwise varying the process by which spending and saving takes place. Zelizer concentrates on domestic transactions, bestowals of gifts and charitable donations in order to show how individuals, families, governments, and businesses have all prescribed social meaning to money in ways previously unimagined.

If we understood the true role of money in our lives, writes philosopher Jacob Needleman, we would not think simply in terms of spending it or saving it. Money exerts a deep emotional influence on who we are and what we tell ourselves we can never have. Our long unwillingness to understand the emotional and spiritual effects of money on us is at the heart of why we have come to know the price of everything, and the value of nothing. Money has everything to do with the pursuit of an idealistic life, while at the same time, it is at the root of our daily frustrations. On a social level, money has a profound impact on the price of progress. Needleman shows how money slowly began to haunt us, from the invention of coins in Biblical times (when money was created to rescue the community good, not for self gain), through its hypnotic appeal in our money-obsessed era. This is a remarkable book that combines myth and psychology, the poetry of the Sufis and the wisdom of King Solomon, along with Jacob Needleman's searching of his own soul and his culture to explain how money can become a unique means of self-knowledge. As part of the Currency paperback line, it includes a "User's Guide" an introduction and discussion guide created for the paperback by the author -- to help readers make practical use of the book's ideas.

‘A very important book about one of the last social taboos – with fascinating implications for us all’ Helena Kennedy, QC

A comprehensive overview of contemporary economic psychology Economic Psychology presents an accessible overview of contemporary economic psychology. The science of economic mental life and behavior is increasingly relevant as people are expected to take more responsibility for their household and personal economic decisions. The text will, in addition to reviewing current knowledge on each topic presented, consider the practical and policy implications for supporting economic decision making. Economic Psychology examines the central aspects of adult decision making in everyday life and includes the theories of economic decision making based on risk, value and affect, and theories of intertemporal choice. The text reviews the nature and behavioral consequences of economic mental representations about such things as material possessions, money and the economy. The editor Robert Ranyard—a noted expert on economic psychology—presents a life-span developmental approach, from childhood to old age. He also reviews the important societal issues such as charitable giving and economic sustainability. This vital resource: Reviews the economic psychology in everyday life including financial behaviour such as saving and tax-paying and matters such as entrepreneurial activity Offers an introduction to the field and traces the emergence of the discipline, from Adam Smith to George Katona and Herbert Simon Includes information on societal issues such as charitable giving and pro-environmental behaviour Considers broader perspectives on economic psychology: life-span psychological development from childhood to old age Written for students of psychology, Economic Psychology reviews the most important information on contemporary economic psychology with a focus on individual and household economic decision making, ranging widely across financial matters such as borrowing and saving, and economic activities such as buying, trading, and working.

Rao Garuda is the President of Associated Concepts Agency Inc. He has more than 30 years of experience in the financial services industry and is licensed in over 20 states. He is also a principal of First Financial Resources with over 75 partners located all over the U.S.A. Rao is a life and qualifying member of MDRT for the past 30 years, and has consecutively qualified for Top of the Table for 21 years. He is also a member of the International Forum and Director of the Forum 400. For three months each year, Rao attends seminars and educates himself, and takes another three months for charitable activities and travel. Rao lives in Shaker Heights, Ohio, with his wife, a physician (now retired). His two sons are highly accomplished in their own fields: one is a physician married to a physician, and the other is managing director for a major financial services firm. Rao is celebrating 50 years in America in August 2014.

Why do ordinary people who used to engage in domestic and leisure activities for free now try to make a profit from them? How and why do people commodify their free time? This book explores the marketization of blogging, cooking, craftwork, gardening, knitting, selling second-hand items, sexcamming, and more generally the economic use of free time. It outlines how the development of web platforms, the current economic context and post-Fordist values can account for this extension of market and labor. Drawing on a range of interviews, ethnographic observations, and quantitative surveys, the contributors question the empowering effects of commodification, with a specific focus on how gender and class inequalities affect the social meanings of extra money. Ultimately, the collective findings demonstrate how commodification pervades even the most mundane social activities. This research will be invaluable to scholars and students with a focus on gender and digital sociology, the sociology of work and labour, and the marketization of leisure.

In Buchan's view, money is civilizations's greatest invention. All manner of things can be called money, and almost every culture has given money an ideal existence. Even so, Buchan points out, "money, which we see and hold every day, is diabolically hard to comprehend in words." It is this very elusiveness that is at the root of money's power to seduce. As Buchan explains, money is "frozen desire" - and because money can fulfill any mortal purpose, for many people the pursuit of money becomes the point of life. In a learned and elegant survey, Buchan illuminates the many different views of money across the centuries. Money was a subject in Homer and Herodotus. The Gospels glitter with money. The New World was colonized by men in search of money. The Age of Faith was followed by our present Age of Money, which, like the Age of Faith, is bound to end; and it was fear of the end that led to widespread panic after the stock market crashed in 1929 and 1987. Whether or not money is humanity's greatest invention, its meanings reveal a great deal about human nature; in showing us what we think of money, James Buchan shows us who we are.