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Economic LivesHow Culture Shapes the Economy$
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Viviana A. Zelizer

Print publication date: 2010

Print ISBN-13: 9780691139364

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691139364.001.0001

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Fine Tuning the Zelizer View

Fine Tuning the Zelizer View

(p.128) 6 Fine Tuning the Zelizer View
Economic Lives

Viviana A. Zelizer

Princeton University Press

This chapter presents the author's response to a complaint from two economic analysts that her conception of money as represented by the paper The Social Meaning of Money neglected general theories of money in favor of emphasizing the constant reintroduction of particularity into monetary transactions. In their paper “Markets and Money in Social Theory: What Role for Economics?,” Fine and Lapavitsas (2000) incorporated the author's critique of neoclassical economics and her empirical work, but not the theoretical basis for either one. The author welcomes their project to draw a different, interesting theory of markets and money from Marx's writing. However, she also says that Fine and Lapavitsas' theoretical enthusiasm for a political economy framework blinds them to the emergence of newer theoretical possibilities over the last decade or so. She responds to their statement in two parts: first, reacting to specific criticisms of her view; and second, outlining alternative ways of explaining markets and monetary transactions.

Keywords:   money, neclassical economics, markets, Karl Marx, monetary transactions

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