Monetary Effervescence: A Sociological Theory of Religion Applied to Money

<p>This project attempts to answer the question "What holds the construction of money together?" by asserting that it is money's religious nature which provides the moral compulsion for people to use, and continue to uphold, money as a socially constructed concept. This project is primarily descriptive and focuses on the religious nature of money by employing a sociological theory of religion in viewing money as a technical concept. This is an interdisciplinary work between religious studies, economics, and sociology and draws heavily from Emile Durkheim's <em>The Elementary Forms of Religious Life</em> as well as work related to heterodox theories of money developed by Geoffrey Ingham, A. Mitchell Innes, and David Graeber.</p> <p>Two new concepts are developed: the idea of monetary sacrality and monetary effervescence, both of which serve to recharge the religious saliency of money. By developing the concept of monetary sacrality, this project shows how money acts to interpret our economic relations while also obfuscating complex power dynamics in society, making them seem naturally occurring and unchangeable. The project also shows how our contemporary fractional reserve banking system contributes to money's collective effervescence and serves to animate economic acting within a monetary network. The project concludes by outlining multiple implications for religious studies, economics, sociology, and central banking.</p>

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Year dc:date.available

2013

Author dc:creator

• Worley, David J.

Contributors dc:contributor

• Theodore M. Vial, Ph.D.
• Tracy Mott
• Deborah Creamer

• Banking
• Durkheim
• Monetary economics
• Money
• Sacrality
• Theory of religion
• Economics
• Religious Thought, Theology and Philosophy of Religion
• Sociology

Statement dc:rights

• <p>Copyright is held by the author. User is responsible for all copyright compliance.</p>

Language dc:language

en

Repository record dc:identifier

https://digitalcommons.du.edu/etd/1002

OAI identifier oai:identifier

oai:digitalcommons.du.edu:etd-2001