Analyzing the Constitutional Theory of Money: Governance, Power, and Instability

@article{Moudud2018AnalyzingTC,
  title={Analyzing the Constitutional Theory of Money: Governance, Power, and Instability},
  author={Jamee K. Moudud},
  journal={Leiden Journal of International Law},
  year={2018},
  volume={31},
  pages={289-313}
}
  • Jamee K. Moudud
  • Published 2018
  • Sociology
  • Leiden Journal of International Law
  • At the heart of the constitutional theory of money is the argument that money is central to governance. This article explores the ways in which the core mechanism of the publicly undergirded monetary system, involving the incentivization and disciplining of private investors in the money creation process, creates its ‘fiscal value’ and generates both power struggles and possible instability in the unit of account. This twin dynamic of power and instability is intrinsic to a longue duree… CONTINUE READING
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