What Makes A Money?

Money— sweeter than honey but oh so destructive. It facilitates a man’s life, while a lack of it imprisons him in the streets of penury. It raises his social status, while an absence of it leaves him unnoticed. It gives him an aura of superiority and importance among others, while a deficiency of it makes him worthless in society’s eyes. Considering these two roads, most do not take more than a second to decide to chase riches.

Money is the life force of all of society. In every aspect, money determines the value of good, services, and even people’s lives. As we breathe air to function, society relies on finances to function. And if society, the unity of humanity, relies on money, than the leaders of society want to limit and control it to withhold their power over humanity. They do this by limiting what can be bought and sold, while also controlling how much different things cost. These limitations allow our leaders to control our money and, through that, our value and influence to society.

Over the much of human history, invention of currency ushered a bold new era to world in which currency could purchase goods and services, despite having no intrinsic value. I can say currency was the most critical innovations of human civilization. As a matter of fact, it was the key to the development of trade from the former batter trade which could only satisfy individuals, each of whom had something which the other could need for exchange. As a benefit that everyone needs, currency has given an intermediary person substance, empowering the seller to pick when and where they wish to become a purchaser. For instance, every primitive society contributes certain things with an exceptional value, especially domesticated animals, and things of irregularity or beauty. They are

Money is perceived as a material object, which leads to greed, worship and even to murder.

Simmel’s major work usually considers money and finances as well as the impact money has on society. In the book ‘The philosophy of Money’, Simmel is concerned with money as a symbol and how societies wealth affects itself and its people. He also finds that within society money becomes an impersonal or objectified measure of value. This grants neutral, rational ties amongst those within society which are institutionalised with money. He believed that the use of money and finances distances the individual from objects. This then provides the ability to overcome distance meaning that an individual with money has the means to travel greater distances. This overcomes person to person limitations which would occur without financial backing, and in some cases, asserts dominance over the other party.

However, the issue with Martin’s conclusion is that he fails to support his claim that money was truly accepted as credit among more than just a few. His evidence better defends the position that money has always operated like transferable credit. Martin does point to a few scholars that agreed with him, like Lowndes and Law, but these were revolutionary ideas and were either rejected or their plans failed miserably. By accidentally defending the position that money operates like credit so well, while neglected other major parts of his thesis, Martin undermines it and draws the reader’s attention in another

The beginning of money started with barely when it became a universal measure for evaluating and exchanging all other goods and services in that time of history (181). This set the way for the modern world to use money in the same way. According to Harari “Money is accordingly a system of mutual trust, and just any system of mutual system: money is the most important universal and most efficient system of mutual trust ever devised” (180). This is the foundation on which money was built on and how it works in today’s modern world. The reason for money being such a big part of our modern world is because it “… is the only trust system created by humans that can bridge almost any cultural gap, and that does not discriminate on the basis of religion, gender, race, age or sexual orientation” (186). This quote provides the reason how money has helped the formation of our modern world. It shows how different cultures started to come together through trade of money. This is the positive aspect of the modern use of money. Even though money may have a positive effect on the trade and industry but, the principle of money itself has an evil side. It can effect someone’s traditions, relations, and human values. Many people believe that money can’t buy loyalty, love, or honor but, in today’s modern society it can. An example of this being betrayed is when Harari says,

The importance of the money economy is much heavier than that of any type of system present in rural areas (12). Not only does the stream regulate most, if not all, facets of life, but also of being—“the domination of intellect” (12) is prevalent. “The modern mind has become a more and more calculating one. The calculating exactness of practical life which has resulted from a money economy corresponds to the ideal of natural science, namely that of transforming the world into an arithmetical problem and of fixing every one of its parts in a mathematical formula” (13). Every thing is matter-of-fact, precise, and qualitative values are reduced to quantitative terms (13). The impersonality of each activity is a result of all things in the city being measured by the external, objective values of not only money, but also time. “Punctuality,

It is said, “Money is the root of all evil”. Money is not the root of mischief, however the root of immoral ways comes out of the evilness of man and his love for money. The relationship wit money and man is the main problem, which makes, money a good servant but a bad master. The greed of money is the basic development of the love of money.

This week’s readings focused on the market mechanisms and whether these mechanisms have the ability to change the meaning of the goods and social practice that they encompass. After reading some compelling stances on both sides, I think that market mechanisms change the meaning of the goods and social practices they regulate, and this creates a negative effect on our society. In this paper, I will start by defining what the market system is and explain the transformation of a good to a commodity. From there, I will use several examples of goods and services that have been turned into commodities

Money Choices - the medium of exchanged used to acquire good, services, and typically used to satisfy debts. Money flow to us from a job, government assistance, child support, family, and/or friends.

A: All societies have some form of money because it makes economic transactions much more convenient and efficient. The purpose of money can be simplified into two main concepts including unit of account and store of value. Money serves as a unit of account which means

In this paper, we are critically appraising the articles by Menger (1892), Goodhart (1998), Rogoff (2014) and Yermack (2013) respectively. The first two papers focused on the origins of money and the theory behind this while the second two papers focused on the future of money. We will be comparing the conclusions of each author in their papers and giving commentary on them.

It is through utilization that society can develop; giving financial solidness, various employments, and administrations to the masses. Throughout the years, individuals started to devour not just the products that they expected to live however numerous more extravagance merchandise to supplement their ways of life (utilizing discretionary cash flow). (The Open University, 2014). It can offer security and have a place with the individuals who can devour productively. Be that as it may, for those limited by salary, it can prompt to a specific level of rejection, along these lines separating society. In any case, it does not simply pay that influences individuals ' capacity to devour successfully. Variables like age,

Economics is the study of how scarce, or limited, resources are used to satisfy unlimited wants and needs of individuals. “Needs” are what individuals need in order to survive, such as food, clothing, shelter, and health care. “Wants” are goods or services that individuals would like to have, but don’t necessarily need. For example, one needs food in order to survive, but does not need to purchase and consume an expensive cut of prime rib. One needs shelter to protect them from the elements, but does not need to buy a lavish mansion with fifteen bedrooms. One needs clothing to keep warm, but does not need to buy expensive designer jeans. The study of economics has an impact on just about every moment in our lives. It is essential to understand key economic concepts, so that we can make reasonable decisions both individually and for our families. In this paper, I will look at some basic economic concepts that are important for all twenty-first citizens to learn and understand.