**Late Wittgenstein’s money**

_“In particular, I first consider the inflation hypothesis as a derivative of the commodity theory of money and therefore inherently linked to a purely quantitative regime of monetary management. I then argue that, based on the hinge proposition that money is a creature of law, money’s value might instead be grasped and engaged on the basis of its political and qualitative dimensions.”_

Steininger, L.E. (2025) ‘Late Wittgenstein’s money’, Finance and Society, pp. 1–8. doi: https://doi.org/10.1017/fas.2024.27.

#OpenAccess #OA #Article #DOI #Finance #Society #Monetarism #Wittgenstein #Philosophy #Money #Academia #Academics @finance @philosophy

"British economic history is studded with macroeconomic bungles..It is strange that Thatcher’s first two years, when she pursued her monetarist philosophy with the greatest determination, is generally missing from the list.

"As one academic put it, it was like “watching a man scalding to death in the bath and running in hotter and hotter water because the thermometer he was reading had the scale upside down”.

Giles Wilkes in the FT on failed #Monetarism

#Thatcher
https://archive.is/2Pz0c