Affiliation:
1. 1 Department of Economics, Faculty of Economics and Administration , Masaryk University , Brno , Czech Republic
Abstract
Abstract
Tony Lawson, the leading figure of the Cambridge Social Ontology Group, recently published a series of papers devoted to the question of the nature of money. These contributions have to be understood in the context of his broader approach to social ontology, the so called social positioning theory. While at first glance Lawson’s monetary ideas might appear disconnected and sometimes even contradictory or mistaken, there is a consistent vision behind them which is Lawson general social ontology. Lawson’s elaboration of the nature of money is not the only one compatible with the social positioning theory and an alternative one is briefly proposed in the paper. While systematising various Lawson’s monetary contributions, attention has been paid to several particular discrepancies and mistakes and their rectification. At the end of the paper, some lessons from analysing Lawson’s monetary contributions are drawn for his general approach to social ontology.
Subject
General Economics, Econometrics and Finance
Reference43 articles.
1. ARISTOTLE. (1934 [Eth. Nic.]). Nicomachean Ethics. Rev. ed. Edited by H. Rackham. Loeb Classical Library. Cambridge, MA: Harvard University Press.
2. FAULKNER, P., PRATTEN, S., and RUNDE, J. (2017). Cambridge Social Ontology: Clarification, Development and Deployment. Cambridge Journal of Economics, 41(5), 1265–1277, DOI: 10.1093/cje/bex048.
3. JONÁŠ, J. (2023). The nature of bank money, a case study of transformation in the Czech banking sector. Journal for the Theory of Social Behaviour, 1–20, DOI: 10.1111/jtsb.12394.
4. LAWSON, C., LATSIS, J., MARTINS, N. (eds.) (2007). Contributions to Social Ontology. London: Routledge.
5. LAWSON, T. (1989). Abstraction, tendencies and stylised facts: a realist approach to economic analysis. Cambridge journal of Economics, 13(1), 59–78, DOI: 10.1093/oxfordjournals.cje.a035091.