What is the substance of money and how does money work – we should understand this to live in the modern society. Nowadays, many researchers learn money as social value. A lot of great philosophers and economists studied a social phenomenon in the past. What about a philosophical approach to economic research?
We use money in our everyday live, it helps us to maintain a social status, and find our place in the world. Sometimes money creates problems that ruin our life. We have an illusion, that we control our money and we do not notice that money sometimes control us. Each person wants to understand the essence of money. People want to find an answer – how understand money? Nobody knows is money good or evil, but all people use them to live effectively. Money can unite people, build cities and make wars. So, maybe money is not something bad or good – it is just a tool that people can use.
Philosophy of Money studied in every economic science. Most economists and philosophers have doubts about the effectiveness of the modern economic theory because it has many mathematical methods, quantitative analysis. A lot of economics setting themselves the task to find out how much money an economy needs, what factors influence on the money supply. We need a philosophical approach to economic research, the methods of intellectual investigation to embrace a social phenomenon. For the analysis of money flows we need to unravel the mystery of money. We need to understand the role of money in the life of society and a philosophical approach. An exchange of money has a huge influence on the development of all people, purposeful activity, and attitude to work. Money changes ideas of moral standards of humanity.
According to Aristotle’ thought money is necessary to devoid of any boundaries. Karl Marx analyzed the money and showed how money can be transformed into capital. Spirit of capitalism combined developing market economy, growing of economic man and the historic mission of money. Money has changed the system of human values, interests, ideas, moral criteria, defining itself a grand role as a universal value. We can speak about the real value of money when it’s in the form of noble metals. Money’s value stems from the content of the social process. Money as the socio-normative regulation of the economic life shows the mechanism of social interaction. They create the need for a person to rationally estimate his or her actions because and play a huge role in the modern society.
What is the substance of money and how does money work – we should understand this to live in the modern society. Nowadays, many researchers learn money as social value. A lot of great philosophers and economists studied a social phenomenon in the past.