Philosophers of Capitalism: How Hume Civilized Money
This essay is taken from the foreword of George Caffentzis’s Civilizing Money: Hume, his Monetary Project and the Scottish Enlightenment.
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George Caffentzis writes that his project of the philosophy of money began in August 1971 when President Nixon severed the link between the dollar and gold. He further developed the project through SDS (Students for a Democratic Society) and URPE (Union of Radical Political Economics). It began to take form in his writing with Zerowork (when our paths crossed). Did the end of gold mean the end of work and did the end of work mean the end of capitalism? It achieved a major breakthrough with the Wages for Housework campaign. Owing to the crisis of the oil market and then the dangers of nuclear energy he formulated an approach to the philosophy of money in which class analysis was combined with philosophical epistemology and the specifics of historical conjuncture. The first volume of what was to become a trilogy was completed in Calabar, Nigeria, at the time of structural adjustment under the IMF (International Monetary Fund).[1] Political presentism and autobiographical reflection enliven the philosophic pages. He has venerable examples of such combination from Clarendon’s The History of the Rebellion and Civil Wars in England (1702-1704) to Gibbon’s The History of the Decline and Fall of the Roman Empire (1776-1789).