I’m again doing some work on the philosophy of money, now that we’re into the Bitcoin and crypto era, so reprising this piece. At the Library of Law and Liberty’s site — my reaction to Leonidas Zelmanovitz’s ambitious work in the philosophy of money: Review of The Ontology and Function of Money: The Philosophical Fundamentals of […]
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Review of Leonidas Zelmanovitz,The Ontology and Function of Money: The Philosophical Fundamentals of Monetary Institutions Lexington Books, 2015, 447 pp.Reviewed by Stephen HicksFirst published at Law and Liberty, edited by Richard Reinsch and Lauren Weiner. Money is funny, the old saying goes, both in the cognitive puzzles it generates and the motivational extremes of human
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Leonidas Zelmanovitz is a philosophical economist with a new book out: The Ontology and Function of Money: The Philosophical Fundamentals of Monetary Institutions. It’s a a rich book, as Zelmanovitz includes discussions of all the major economists and philosophers whose thinking bears directly on the issues and puzzles of money. Earlier, I posted an excerpt
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I was struck by this philosophical economist’s connecting the Aristotelian solution to the so-called naturalistic fallacy to the question of the value of money. “This approach hints at the fact that a key element in this work is the treatment given to questions surrounding the ‘naturalistic fallacy.’ The basic reasoning here is that in regard
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