scholarly journals Crypto currency's "economic nature" in the light of new monetary theory

2021 ◽  
Vol 34 (01) ◽  
pp. 258-269
Author(s):  
Vyacheslav I. Karpunin ◽  
Tatiana S. Novashina
Keyword(s):  
Economic Model ◽  
International Monetary System ◽  
Social Engineering ◽  
Modern Theory ◽  
Intrinsic Structure ◽  
Monetary System ◽  
Information Program ◽  
The Social ◽  
Crypto Currency ◽  
Economic Nature

The systemic and functional analysis of economic nature of Crypto currency within the modern theory of money is a necessary essential component of the study that allowed the authors to formulate a vision of social and economic model of future international monetary system. The authors consider the substance of money in a dialectic unity of the transformation of forms and spheres of its being. The forms of being of money are: material, monetary, paper, electronic. The spheres of being of money are: social, - the "symbol money"; economic, - the "bank notes"; political and legal, - "monetary units". In this paper we show that money is a financial instrument. Money is a market form of universal claim to a share in the wealth of society. The uncovering of internal intrinsic structure of money allows the authors to show convincingly that a currency, especially a "Crypto currency", cannot have and does not have an "economic nature". In considering the process of historical transformation of international monetary systems, taking into account the real achievements of financial, information, program and social engineering for the creation of a digital "gold" the authors believe that the social and economic model of future international monetary system has received its real approbation.

scholarly journals Economic Nature of A. Yu. Simanovskiy Crypto-Currency

2020 ◽  
pp. 27-39
Author(s):  
Т. S. Novashina
Keyword(s):  
Functional Analysis ◽  
National Security ◽  
International Monetary System ◽  
Social Engineering ◽  
Modern Theory ◽  
Monetary System ◽  
The Social ◽  
Crypto Currency ◽  
Economic Nature ◽  
Form Transformation

The author by analyzing theoretical ideas put forward b y A. Yu. Simanovskiy in the research ‘Concerning Economic Nature of Crypto-Currency’, which was published in the journal “Issues of Economics’ provides his own opinion concerning whether currency (including crypto-currency) can have economic nature. This question is not rhetoric and has nothing to do with casuistry. It is essential, principle and touches upon problems dealing with national security. On the basis of system-functional analysis and achievements of modern theory of money and using its fundamental provisions the author considers the content of money in dialectic unity of form transformation (material, money, paper, electronic) and spheres (social – money as a symbol; economic – bank notes; political and legal – monetary units) of their being. It is shown that currency, especially crypto-currency cannot have economic nature. In this connection the author studying the process of historical transformation of international monetary systems with regard to achievements of finance, technical and social engineering aimed at creation of ‘digital gold’ thinks that the social and economic model of the future international monetary system has been tested already.

Money

2018 ◽  
pp. 172-190
Author(s):  
Leda Maria Paulani
Keyword(s):  
Social Sciences ◽  
International Monetary System ◽  
Marxist Theory ◽  
First Century ◽  
Dialectical Approach ◽  
Monetary System ◽  
Fictitious Capital ◽  
The Social ◽  
Value Of Money

This chapter explains Marx’s concept of money and how it is fundamentally different from other concepts of money in the social sciences. Money is a contradictory object that can be fully understood only through a dialectical approach. Failure to acknowledge the contradictory constitution of money leads to a theoretical misunderstanding of what money in capitalism is. In this regard, the Neoclassical and Keynesian approaches to money are incomplete and inadequate. But the Marxist theory of money also faces its twenty-first-century challenges, among them two in particular: the determination of the value of money and how inconvertible money can function as a measure of value. The last part of the chapter explains how inconvertible money operates in our contemporary international monetary system and how it relates to the existence of fictitious capital.

scholarly journals FUNCTIONING MECHANISM OF BITCOIN

2018 ◽  
pp. 085
Author(s):  
Aleksandar Đorđević ◽  
Miloš Todorović
Keyword(s):  
International Monetary System ◽  
Information Technology Industry ◽  
Technology Industry ◽  
Monetary System ◽  
Crypto Currency ◽  
Digital Money ◽  
The Veil ◽  
Further Development ◽  
Functioning Mechanism ◽  
Number Of Firms

The connection between financial innovation and information technology industry has provided and kept the crypto currencies for some ten years on the market, a kind of offset of monetary evolution after the introduction of virtual, electronic and digital money. Although their essence is still wrapped up under the veil of secrets, the facts show that the value of Bitcoin as the first crypto currency has a rising trend, and that an increasing number of firms and individuals are deciding to use it. This will result in the emergence of over 1000 new crypto currencies. This paper explains the emergence and functioning of the Bitcoin, its characteristics and functions, the benefits and risks that it carries, as well as possible scenarios of further development of the international monetary system with crypto currencies.

The Contribution of Enrique Pichon-Rivière: Comparisons with His European Contemporaries and with Modern Theory

2016 ◽  
Vol 6 (2) ◽  
Author(s):  
David E. Scharff
Keyword(s):  
Social World ◽  
Modern Theory ◽  
George Herbert ◽  
George Herbert Mead ◽  
Analytic Thinking ◽  
Family Analysis ◽  
The Social ◽  
Original Family ◽  
Kurt Lewin ◽  
Social Applications

Enrique Pichon-Rivière, a pioneer of psychoanalysis, worked and wrote in Argentina in the mid-twentieth century, but his work has not so far been translated into English. From the beginning, Pichon-Rivière understood the social applications of analytic thinking, centring his ideas on "el vinculo", which is generally translated as "the link", but could equally be translated as "the bond". The concept that each individual is born into human social links, is shaped by them, and simultaneously contributes to them inextricably ties people's inner worlds to the social world of family and society in which they live. Pichon-Rivière believed, therefore, that family analysis and group and institutional applications of analysis were as important as individual psychoanalysis. Many of the original family and couple therapists from whom our field learned trained with him. Because his work was centred in the analytic writings of Fairbairn and Klein, as well as those of the anthropologist George Herbert Mead and the field theory of Kurt Lewin, his original ideas have important things to teach us today. This article summarises some of his central ideas such as the link, spiral process, the single determinate illness, and the process of therapy.

CRYPTOCURRENCY PHENOMENON IN THE INTERNATIONAL MONETARY SYSTEM

2017 ◽  
pp. 95-100
Author(s):  
Артур Анатолійович Василенко
Keyword(s):  
World Economy ◽  
International Monetary System ◽  
State University ◽  
Electronic Money ◽  
Monetary System ◽  
Current Trends ◽  
The World ◽  
Post Graduate Student ◽  
The One ◽  
Xix Century

UDC 336.74   Vasylenko Artur, post-graduate student. Mariupol State University. Cryptocurrency Phenomenon in the International Monetary System. The main prerequisites of cryptocurrency emergence in the international monetary system in terms of regionalization of the world economy are defined in the article. Determination of «cryptocurrency» category was analysed from the point of two main approaches to its treatment: on the one hand cryptocurrency is admitted to be the currency equally to the sovereign currency, and on the other hand it is considered as an unrecognized virtual asset. The main consequences which arise in case of widespread use of crypto currency for the country and for the parties that agreed to use cryptocurrency were analysed and systematized. On the basis of the research, given the current trends in the world economy, the author put forward and substantiated the hypothesis to classify the phenomenon of cryptocurrency as the effects of a famous philosophical «Negation of negation law» formulated by G. Hegel at the beginning of the XIX century.   Keywords: cryptocurrency, material money, electronic money, digital currency, regional currency integration, blockchain, mining, capitalization, «Negation of negation law».

Wilfred Ethier. Modern International Economics. New York: W. W. Norton and Company. 1983. xviii + 588 pp.

1988 ◽  
Vol 27 (1) ◽  
pp. 81-83
Author(s):  
Nadeem A. Burney
Keyword(s):  
International Economic ◽  
New York ◽  
Economic Theory ◽  
International Economics ◽  
International Monetary System ◽  
International Markets ◽  
The Past ◽  
Monetary System ◽  
Recent Developments

Its been long recognized that various economies of the world are interlinked through international trade. The experience of the past several years, however, has demonstrated that this economic interdependence is far greater than was previously realized. In this context, the importance of international economic theory as an area distinct from general economics hardly needs any mentioning. What gives international economic theory this distinction is international markets for some goods and effects of national sovereignty on the character of economic activity. Wilfred Ethier's book, which incorporates recent developments in the field, is an excellent addition to textbooks on international economics for one- or twosemester undergraduate courses. The book mostly covers standard topics. A distinguishing feature of this book is its detailed analysis of the flexible exchange rates and a discussion of the various approaches used for their determination. Within each chapter, the author has extensively used facts, figures and major events to clarify the concepts in the light of the theoretical framework. The book also discusses, in a fair amount of detail, the existing international monetary system and the role of various international organizations.

THE MODERN INTERNATIONAL MONETARY SYSTEM: THE POSSIBILITY OF USING CRYPTOCURRENCIES AS ALTERNATIVE MONETARY CALCULATIONS

2019 ◽  
Vol 9 (12) ◽  
pp. 1868-1877
Author(s):  
Lilia Abdrakhmanova ◽  
◽  
Amir Abdrakhmanov ◽  
Elena Shchigortsova ◽  
◽  
...  
Keyword(s):  
International Monetary System ◽  
Monetary System

Conclusion

2017 ◽  
Author(s):  
Aled Davies
Keyword(s):  
International Monetary System ◽  
The State ◽  
Real Economy ◽  
Social Democratic ◽  
Monetary System ◽  
1960S And 1970S ◽  
Post War ◽  
The 1960S ◽  
City Of London ◽  
The City

The aim of this book has been to evaluate the relationship between Britain’s financial sector, based in the City of London, and the social democratic economic strategy of post-war Britain. The central argument presented in the book was that changes to the City during the 1960s and 1970s undermined a number of the key post-war social democratic techniques designed to sustain and develop a modern industrial economy. Financial institutionalization weakened the state’s ability to influence investment, and the labour movement was unable successfully to integrate the institutionalized funds within a renewed social democratic economic agenda. The post-war settlement in banking came under strain in the 1960s as new banking and credit institutions developed that the state struggled to manage. This was exacerbated by the decision to introduce competition among the clearing banks in 1971, which further weakened the state’s capacity to control the provision and allocation of credit to the real economy. The resurrection of an unregulated global capital market, centred on London, overwhelmed the capacity of the state to pursue domestic-focused macroeconomic policies—a problem worsened by the concurrent collapse of the Bretton Woods international monetary system. Against this background, the fundamental social democratic assumption that national prosperity could be achieved only through industry-led growth and modernization was undermined by an effective campaign to reconceptualize Britain as a fundamentally financial and commercial nation with the City of London at its heart....

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