Are you using value in the colloquial sense or in the sense of the LoV? I can't tell.
The latest Capital & Class has a good article entitled "Hegemony, class struggle, and radical historiography of global monetary standards" Itoh and Lapavitsas' book is quite excellent. My review is on the amazon page. http://www.amazon.com/gp/product/0312211643/sr=8-1/qid=1155398654/ref=sr_1_1/103-5903078-3215867?ie=UTF8 > Sorry if this query is a bit simplistic (or the suppositions just > ignorant) to many on this list, but I would appreciate a refresher - any > comments and literature suggestions (I know Marx deals with money in Cap > #1 and I need to reread it) would be great. > > How can money be a "universal" store of value and unit of exchange? > > I am asking this because I am trying to determine if the globalization > of the US dollar can be argued to also be a process of social and > cultural homogenization - (but not in the most commonly cited way > through the cultural McDonaldsization of the world), but rather more > subtly as the imposition of the value system underlying the dollar on > the rest of the world? > > If, as I suspect, money in its various guises, developed at local > (perhaps regional) levels among people with shared common values, then > money is only capable of acting as a true store of value and unit of > exchange among people with the same social values (or else, how does > money reflect the differences in values of different societies?). In > other words, does money necessitate that those who use it must > necessarily share the same social measures of value? > > > Jayson Funke > > Graduate School of Geography > Clark University > 950 Main Street > Worcester, MA 01610 >
