Money and Credit: A Sociological ApproachThis book offers a fresh and uniquely sociological perspective on money and credit. As basic economic institutions, money and credit are easy to overlook when they work well. When they malfunction, as they did in the new millennium’s global financial crisis, their importance becomes obvious and demands further investigation. Bruce Carruthers and Laura Ariovich examine the social dimensions of money and credit at both the individual and corporate levels, from the development of personal credit and a consumer society, to the role of government in the creation of money. In clear prose, they illustrate how the overall future of the economy is governed by the financial system and the flow of capital into, and out of, firms operating in particular industrial sectors, as well as the social meanings money itself acquires and the ways people distinguish between “dirty” and “clean” money. This accessible and engaging book will be essential reading for upper-level students of economic sociology, and those interested in how the bills, coins and plastic in our pockets shape the world we live in. |
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accounts agencies allowed American arrangements assets authors banks became become Board borrowers Cambridge capital cash century chapter companies compensation consumer corporate countries create credit cards crisis culture currency debt debtors depend developed discussion early economic effect example exchange families Federal Finance financial firms functions funds Furthermore give global gold History household important income increased individuals industry institutions interest investment involved issue Journal kind labor lenders lending less limited loans managers meaning measure monetary mortgage networks notes objects offered options organizations particular payment political practices Princeton problem production purchase rates regulators relations relationships reporting Reserve Review savings securities small businesses social society sources South Korea standard structure supply tion trade transactions turn United University Press York