The American Revolution and Christine Desan's New History of Money

Edwards, Andrew David

doi:10.1111/lsi.12224

Cited by 6 publications

(1 citation statement)

References 33 publications

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“…In the Treaty of Paris (1783), U.S. negotiators agreed to enforce payment of pre‐war private debts to British creditors in specie, thereby ensuring demand for this money, and perpetuating—if less openly—settler dependence on British monetary institutions (Edwards, 2017a, pp. 265–267).…”

Section: Monetary Loops and The Question Of Independencementioning

confidence: 99%

Notes on Monetary Institutions in State and Class Formation Processes

Feinig¹

2020

J Historical Sociology

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Charles Tilly emphasizes that state formation is a contingent and violent process: states develop as they extract resources, including currency, from a population. Neochartalist approaches to money challenge what I call the extractivist view of state formation because they see currencies as public institutions established by governments, not a resource to be seized from a population. At the same time, neochartalists rarely address how state institutions capable of establishing monetary institutions emerge. In this article, I propose a framework to analyze the entangled development of the institutions of money and state. I then showcase its usefulness by revisiting a series of crowd actions and militarized responses in eighteenth-century Massachusetts and Pennsylvania today known as Shays' Rebellion and the Whiskey Rebellion, focusing on the initially ad hoc and then routinized funding mechanism that enabled emerging state actors to deploy armed groups. In closing, I argue that despite the violence involved in the emergence of the institutions of state and money, citizens and inhabitants can begin to imagine democratic ways of institutionalizing money today. In War Making and State Making as Organized Crime (1985), Charles Tilly argues that extraction, dispossession, and violence are so central to state formation processes that the latter can be compared to organized crime. His argument can be summarized as follows: Emerging state actors (violently or otherwise coercively) seize goods, workers, and money. These resources, in turn, enable new rounds of extraction. A host of contributions on the "fiscal-military state" (e.g.

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Section: Monetary Loops and The Question Of Independencementioning

confidence: 99%

Notes on Monetary Institutions in State and Class Formation Processes

Feinig¹

2020

J Historical Sociology

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Capitalism Indivisible

Moore

2023

Enterp. Soc.

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My comment highlights the key contributions and promising directions for future research of Lindsay Schakenbach Regale’s essay in this volume. While in agreement with Schakenbach Regele’s call for more specificity for different times and places, I argue that we also ought to be able to answer the question of what makes a variety of capitalism, well, capitalist. To do that, we need to delimit the theoretical and historical bounds of capitalism itself.

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Capital as Process and the History of Capitalism

Levy¹

2017

Bus. Hist. Rev.

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In the wake of the Great Recession, a new cycle of scholarship opened on the history of American capitalism. This occurred, however, without much specification of the subject at hand. In this essay, I offer a conceptualization of capitalism, by focusing on its root-capital. Much historical writing has treated capital as a physical factor of production. Against such a "materialist" capital concept, I define capital as a pecuniary process of forward-looking valuation, associated with investment. Engaging recent work across literatures, I try to show how this conceptualization of capital and capitalism helps illuminate many core dynamics of modern economic life.

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The American Revolution and Christine Desan's New History of Money

Cited by 6 publications

References 33 publications

Notes on Monetary Institutions in State and Class Formation Processes

Notes on Monetary Institutions in State and Class Formation Processes

Capitalism Indivisible

Capital as Process and the History of Capitalism

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