Tag: economics

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Opinion

Value and Control of the Military

I’m about 3 & ¾ chapters into Geoffrey Ingham’s The Nature of Money and I started having outside thoughts about it, so I took some time to glance at some other material and now I’m going to ramble about my thoughts for a bit. The issue I’m trying to get at right now is the implications of the monopoly of violence on the institution of money. To try and make sense of this, I looked at some writing about civilian control of the military; I don’t think I will take any direct insights, nor am I really ready to critique any of that literature, but it did get me thinking in a useful way.

If we take the phenomenon being studied here as being “value and its relation to the civilian control of the military”, then there are two questions we need to answer. First, what is the connection between value (as in money) and control of the military? Second, is there any value (as in moral weight) in civilian control of the military? Please don’t misunderstand; here I am specifically not equating money and moral weight, but I didn’t want to sit down and dig out better words for the two “values” here. What I will say is that I think understanding these two distinct concepts will provide some insight into how money operates as a social agent.

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Categories
Opinion

Fief, Province, and Monopoly

Studying money is very hard. I’ve looked at a few different attempts to define it and I have skimmed through Geoffrey Ingham’s The Nature of Money. His answer to the question implied in the book’s title is complex and I don’t grasp it well enough yet to explain it. One thing I do understand, however, is that he believes that the value of money is primarily determined by society. I agree with this wholeheartedly. But as far as the social mechanics of this interaction, I don’t know that I will find the answer laid out in Ingham’s work. I might find it elsewhere, or I might have skipped over it and I’ll find it when I make another pass through the work.

I say that by way of introducing this blog’s topic, which is finding (or creating) a distinction between monopoly, province, and fief as subdivisions of a state. What I’m interested in is how money works as part of the state-society’s machinery of coercion. To understand that better, I wanted to understand how the economy is broken up from the sense of power relations. The decision to subdivide territory and establish regional administrations, and the type of regional administrations established, are all questions that are deeply tied in with the economy, even though they are not classically economic concerns.

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