The Philosophy of Money

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The Philosophy of Money (1900) is a book on economic sociology by the German sociologist and social philosopher, Georg Simmel.[1]

Contents[edit]

Probably considered Simmel's greatest work. Simmel saw money as a component of life that helped us understand the totality of life.[2]

Money and value[edit]

Simmel believed people created value by making objects, then separating themselves from those objects and then trying to overcome that distance. He found that objects that were too close were not considered valuable and objects that were too far away for people to obtain were also not considered valuable. What was also considered in determining value was the scarcity, time, sacrifice, and difficulties involved in getting objects.

Negative effects[edit]

As money and transactions increase, the value of the individual decreases and everything becomes about what the individual can do instead of who the individual is. Another negative effect of money is the effect it has on people’s beliefs. Everything boils down to dollars and cents instead of emotional value.

See also[edit]

References[edit]

  1. ^ Simmel, George. Georg Simmel. Sociological Theory. 7th ed. New York: The McGraw-Hill Companies, 2008. 158-88. Print.
  2. ^ Simmel, George. Georg Simmel. Sociological Theory. 7th ed. New York: The McGraw-Hill Companies, 2008. 158-88. Print.