Wednesday, May 6, 2015

Money Wisdom #356

"Whereas the economist thinks of the mystery of money as something that must be solved through historical speculation, Marx conceives of the mystery as the historical substance itself. History is a process through which the mystery becomes explicitly articulated. And it is the mystery that accounts for the narrative's continuity, what is handed down in it through time. In a sense Marx simply takes seriously the notion of the mystery of money: he does not take mystery to be merely an epistemological fault, a mere misunderstanding that must be clarified, but a part of the historical reality of money. In his view, 'the mystical character of gold and silver' is not something to be explained away by history by invoking less mysterious means of exchange."

Noam Yuran What Money Wants (2014) p.106

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