Two models of monetary sovereignty : an interpretation based on J. R. Commons’ institutionalism
Théret, Bruno; Dutraive, Véronique (2017), Two models of monetary sovereignty : an interpretation based on J. R. Commons’ institutionalism, Journal of Economic Issues, 51, 1, p. 27-44. 10.180/00213624.2017.1287482
TypeArticle accepté pour publication ou publié
Journal nameJournal of Economic Issues
Taylor & Francis
MetadataShow full item record
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.
Subjects / KeywordsB25; B52; E4; E5; Monetary sovereignty; political sovereignty
Showing items related by title and author.
Dutraive, Véronique; Théret, Bruno (2016) Communication / Conférence
Political Sovereignty and Monetary Sovereignty: an Interpretation based on the work of J.R. Commons Théret, Bruno; Dutraive, Véronique (2013) Communication / Conférence
Souveraineté politique et souveraineté monétaire : une interprétation à partir de l’œuvre de John R. Commons Théret, Bruno; Dutraive, Véronique (2013) Article accepté pour publication ou publié
Between uniqueness of the unit of account and plurality of means of payment, the need for money to be instituted and a set of money-ing rules (with an illustration on the case of fiscal provincial monies in 2001-2003 Argentina fs open monetary crisis) Théret, Bruno (2009) Communication / Conférence
The Euro as common money, not a single currency. A plea for a European monetary federalism (Keynote Speech) Théret, Bruno (2016) Communication / Conférence