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.