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      World Review of Political Economy

      Volume 8, Issue 4
       
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      Can Global Elites Pave the Way for a New Transnational Unit of Account? A Reflection on the Numerical Nature of Money

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            Abstract

            In this article, we investigate the issue of the dollar-based international monetary system. We start by listing the reasons why money has essentially become a numerical form in the contemporary world economy. After reviewing the salient characteristics of the flawed international monetary and financial architecture of the world economy, we assess whether a transnational unit of account could constitute a viable political alternative to the current international payments system. The latter scenario is envisaged both with regard to the field of international relations and with the help of a revisited definition of the transnational capitalist class.

            Content

            Author and article information

            Journal
            Journal ID (doi): 10.13169
            Journal ID (publisher-id): worlrevipoliecon
            Title: World Review of Political Economy
            Publisher: Pluto Journals
            ISSN (Print): 2042891X
            ISSN (Electronic): 20428928
            Publication date (Print): Winter 2017
            Volume: 8
            Issue: 4
            Pages: 542-563
            Article
            Publisher ID: worlrevipoliecon.8.4.0542
            DOI: 10.13169/worlrevipoliecon.8.4.0542
            SO-VID: 649d8551-3f83-4c69-b0d3-68b270c73e1a
            Copyright © © 2017 World Association for Political Economy
            License:

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

            History
            Categories
            Subject: Articles

            ScienceOpen disciplines: Political economics
            Keywords: dollar-based system,digital revolution,transnational capitalist class,world money,numerical form

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