Abstract (EN)

In this paper we intend to use J.R. CommonsÕ main texts in order to build a theoretical analysis of monetary sovereignty. As this author wrote extensively on sovereignty and money but did not give an explicit analysis of their relationships., it is through a work of reconstruction and interpretation that we are able to propose two models of the relation between money and sovereignty. In the first model, money can be viewed as an institution similar to law, that is as an agency of political sovereignty and an ingredient of the sovereignty characteristic of the modern state. In the second model, money is endowed with sovereignty by itself, and is potentially in competition with political sovereignty.