Petak, 21 Maj 2021 10:52

The role of money in modern society

The universal character of money has been a topic of interest throughout philosophy, sociology, and psychology for centuries. The notion of money is rationally expressed in numbers, but again it emerges as a myth in various forms. In modern society, money is the most sophisticated social measurement system. It is a sign of success, wealth, power, importance - personal, societal, international. We all, on some level, lust for money. The accumulation of money for money's sake is a major disturbance in relationships.

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The importance of money within the system of appreciation is measurable by the development of the money fine. We first encounter in this area, as its most peculiar manifestation, the atonement of murder by payment of money an occurrence so frequent in primitive cultures that it makes specific examples unnecessary, at least for its simplest and most direct form. Less appreciated, however, is not so much the frequency as the intensity with which the relationship between human value and money value dominates legal conceptions.

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German philosopher and sociologist Georg Simmel published his magnum opus, The Philosophy of Money, in 1900. It is an amalgam of history, economics, sociology, social psychology, and cultural commentary. Simmel focuses on the psychological and sociological effects of money as a cultural determinant. Discussing the meaning of money is for him a matter of discussing money as a phenomenon. He describes the experience of money and analyzes the preconditions that give money its meaning: consciousness, social relations, and values.

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