Late Wittgenstein’s money
This essay examines the contemporary discourse on inflation through the lens of Wittgenstein’s late work on language games. Using his concept of hinge propositions – beliefs upon which language games depend – I offer a novel perspective on the public good that is price stability. In particular, I fi...
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| Format: | Article |
| Language: | English |
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Cambridge University Press
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| Series: | Finance and Society |
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| Online Access: | https://www.cambridge.org/core/product/identifier/S205959992400027X/type/journal_article |
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| author | L. Eden Steininger |
| author_facet | L. Eden Steininger |
| author_sort | L. Eden Steininger |
| collection | DOAJ |
| description | This essay examines the contemporary discourse on inflation through the lens of Wittgenstein’s late work on language games. Using his concept of hinge propositions – beliefs upon which language games depend – I offer a novel perspective on the public good that is price stability. 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. |
| format | Article |
| id | doaj-art-62b51ea88e204248a2a8cd579017e15d |
| institution | DOAJ |
| issn | 2059-5999 |
| language | English |
| publisher | Cambridge University Press |
| record_format | Article |
| series | Finance and Society |
| spelling | doaj-art-62b51ea88e204248a2a8cd579017e15d2025-08-20T02:47:28ZengCambridge University PressFinance and Society2059-59991810.1017/fas.2024.27Late Wittgenstein’s moneyL. Eden Steininger0https://orcid.org/0000-0001-9357-1176Harvard University, Cambridge, MA, USA Vienna Institute for International Economic Studies, Vienna, Austria Vienna University of Economics and Business, Vienna, AustriaThis essay examines the contemporary discourse on inflation through the lens of Wittgenstein’s late work on language games. Using his concept of hinge propositions – beliefs upon which language games depend – I offer a novel perspective on the public good that is price stability. 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.https://www.cambridge.org/core/product/identifier/S205959992400027X/type/journal_articlemonetarismWittgensteinphilosophy of languageprice stabilitytheory of money |
| spellingShingle | L. Eden Steininger Late Wittgenstein’s money Finance and Society monetarism Wittgenstein philosophy of language price stability theory of money |
| title | Late Wittgenstein’s money |
| title_full | Late Wittgenstein’s money |
| title_fullStr | Late Wittgenstein’s money |
| title_full_unstemmed | Late Wittgenstein’s money |
| title_short | Late Wittgenstein’s money |
| title_sort | late wittgenstein s money |
| topic | monetarism Wittgenstein philosophy of language price stability theory of money |
| url | https://www.cambridge.org/core/product/identifier/S205959992400027X/type/journal_article |
| work_keys_str_mv | AT ledensteininger latewittgensteinsmoney |