Money and Calculation

1. Front Matter

   Pages i-viii

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2. Introduction

   • Massimo Amato, Luigi Doria, Luca Fantacci

   Pages 1-15

3. Money Is the Scribe of a Market Economy

   • Jean Cartelier

   Pages 16-33

4. Money without Value, Accounting without Measure: How Economic Theory Can Better Fit the Economic and Monetary System We Live in

   • Yuri Biondi

   Pages 34-62

5. Silence Is Gold: Some Preliminary Notes on Money, Speech and Calculation

   • Massimo Amato

   Pages 63-78

6. What Kind of Calculation Is Implied in the Money Rate of Interest?

   • Luca Fantacci

   Pages 79-100

7. A Time and a Place for Everything: Foundations of Commodity Money

   • Dick Bryan, Michael Rafferty

   Pages 101-121

8. Calculating Life and Money as Resources

   • Luigi Doria

   Pages 122-147

9. Repressed Futures: Financial Derivatives’ Theological Unconscious

   • Bill Maurer

   Pages 148-173

10. Representing and Modelling: The Case of Portfolio Management

    • Herbert Kalthoff, Uwe Vormbusch

    Pages 174-188

11. Brief Encounters: Calculation and the Interaction Order of Anonymous Electronic Markets

    • Alex Preda

    Pages 189-213

12. Back Matter

    Pages 215-222

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Money is an important instrument of calculation: as a unit of account and means of payment, it serves the purpose of exchange. Yet, it is increasingly becoming itself an object of exchange and calculation on financial markets, which tend less to the production and exchange of real goods. The question therefore is: has the economy lost its measure?

• accounting
• derivatives
• economic theory
• financial markets
• Futures
• management
• modeling
• money
• Portfolio
• portfolio management
• production
• investments and securities

• Bocconi University, Italy

  Massimo Amato, Luigi Doria, Luca Fantacci

MASSIMO AMATO teaches economic history and history of economic thought at Bocconi University, Italy. His publications concern the history of money and of monetary thought. His more recent book entitled: The Enigma of Money deals with the phenomenological foundations of money as an institution.

LUIGI DORIA carries out research activities at Bocconi University, Italy. Previously, he was Fellow at the Nantes Institute for Advanced Studies, France, and did research at the University IUAV of Venice, Italy. His recent research interests focus on economic sociology and in particular on the relationship between calculation and quality.

LUCA FANTACCI is Assistant Professor of Economic History at Bocconi University, Italy. He has published on the history of money and credit and of economic thought, including a book, co-written with Massimo Amato, on the current financial crisis entitled: The End of Finance.

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