This section contains 2,172 words (approx. 8 pages at 300 words per page) |
The term money derives from the Latin moneta, meaning mint or coin, and is most often defined as a medium of exchange and measure of value. Even from its earliest use as a replacement for barter, money was often a technologically produced metal coin and thus associated with developments in the science of metallurgy and metal technology. In the Nicomachean Ethics (350 B.C.E.), Aristotle (384–322 B.C.E.) offers a first glimpse of the ethical implications of money as technology when he rejects moneymaking as the proper end of human life on the basis that it has only instrumental value. With the rise of modern scientific economics came efforts to formulate monetary policies for states, and the use and management of money became more closely associated with science, technology, and normative issues. All this is underscored by the German philosopher-sociologist Georg Simmel (1858–1918) who identifies money as the pivotal...
This section contains 2,172 words (approx. 8 pages at 300 words per page) |