The Violence of Money (Excerpt): Monetary Crises

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2020

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INRAE



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Michel Aglietta et al., « The Violence of Money (Excerpt): Monetary Crises », Archive Ouverte d'INRAE, ID : 10670/1.b1zqup


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In keeping with the dual nature of the monetary relationship, crises may take on two polar-opposite forms: the resurgence of either centralising or fragmenting trends. Both also upset the fragile balance that the hierarchised system has brought about. But, contrary to what a casual inspection might suggest, the two processes are not symmetrical.

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