Between Money and Sovereignty: Is a New Monetary Thinking Needed to Institute the Common?

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Stefano Lucarelli

Abstrakt

The diffusion of alternative financial and credit circuits, in which the money favours the self-management of social wealth, may curb the expropriation caused by processes of abnormal indebtedness that increasingly characterise economic systems. The article proposes an examination of four experiences with complementary currencies that have sprung up in Europe after the recent crisis, distinguishing between local currencies (Sardex, SoNantes and Sol Violette) and crypto coins (Bitcoin). The possibility of taking advantage of the monetary know-how that animates various experiences (like crypto coins and local clearing houses) would contribute to the re-thinking money as a social institution. Three main topics are discussed: 1. the “political technologies” in which the alternative monetary circuits consist; 2. democratic participation in the decision-making processes that characterise them; and 3. the meaning of the sovereignties that they potentially define

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Lucarelli, S. (2018). Between Money and Sovereignty: Is a New Monetary Thinking Needed to Institute the Common?. Praktyka Teoretyczna, 27(1), 226-251. https://doi.org/10.14746/prt.2018.1.9
Dział
MONEY AS THE INSTITUTION OF THE COMMON
Biogram autora

Stefano Lucarelli, c/o Dipartimento SAEM Università degli Studi di Bergamo

Associate Professor in Economic Policy at University of Bergamo, where he teaches International Monetary Economics, Economic Policy and Economic Ethics. He is also Adjunct Professor at University of Calabria in the Ph.D. program “Politica Cultura e Sviluppo” and Invited Researcher at Centre d’Économie de la Sorbonne at – CNRS, Unit of Research 8174, Paris. His research projects include institutional economics, cognitive capitalism, monetary theory of production, financialization and complementary currencies. He published articles on these topics in, among others, Sustainability (2018), Applied Economics (2018), Cambridge Journal of Economics (2016), World Economic Review (2016), Theory Culture & Society (2015), Moneta e Credito (2015, 2013), Journal of Evolutionary Economics (2014), Metroeconomica (2014), International Journal of Political Economy (2012, 2011), Review of Social Economy (2008). He has been involved as researcher in the DCENT European Project (https://dcentproject.eu/ 2013–2016). He is now part of the DECODE European Project (https://decodeproject.eu 2017–2020), where he is analyzing the institutional features of the digital commons with the CNRS research team led by Carlo Vercellone and Jean-Marie Monnier. His last book is titled Squilibrio (written together Roberto Romano, Ediesse 2017).

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