Matilde Masso, "Contested Money: Towards a New Social Contract" (Routledge, 2023)

Oct 25, 2024

Matilde Masso, an Associate Professor of Sociology at the University of A Coruña, dives into the transformative nature of money in today's digital age. She discusses how money shapes social structures and justice, especially in light of the 2007-8 financial crisis. Masso critiques current digital currencies for their investment focus and advocates for innovations that address societal challenges, such as aging populations. The conversation highlights the evolving role of monetary systems, including Central Bank Digital Currencies, in promoting social cohesion and welfare.

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Intro

00:00 • 3min

Navigating Academic Waters: A Journey in Sociology

03:01 • 12min

Redefining Money: Innovations and Implications

14:58 • 7min

The Complex Nature of Money

22:26 • 8min

Exploring Financialization and its Multi-Dimensional Impacts

30:50 • 4min

Exploring Financialization and the Future of Money

34:30 • 15min

Discussing money is always accompanied by controversy as well as enchantment. Debating what money is and how it performs its main functions in the contemporary economy is fundamental to understanding the social consequences of money transformation associated with the digital revolution. This book explores the links between the current and prospective properties of money, its production, and its relationship to the concepts of value, the common good, and innovation.

Contested Money: Towards a New Social Contract (Routledge, 2023) opens a debate on the role that money could play in a different paradigm based on a renewed conception of monetary properties and functions that are capable of having a positive impact on social and individual welfare. Massó outlines the fundamentals of this monetary model, which would operate as a parallel currency, where the processes of monetary and value creation are connected in a new deal between the citizen and the state, grounded on an approach of reciprocal rights and responsibilities.

This book will appeal to scholars, students, and, more broadly, readers interested in a contemporary understanding of what money is, how it is being transformed, and the role that it can play in redefining the twenty-first-century social contract.

Matilde Massó is an Associate Professor of Sociology in the Department of Sociology and Communication Sciences at the University of A Coruña (UDC). Her main research interests focus on the transformations of money, the role of culture and emotions in economic processes, and how technological innovation is shaping a new conception of the economy concerning theories of justice. She has extensive experience leading research projects in economic sociology, particularly in financialization studies, the sociology of money, and financial innovation. Her recent publications include Contested Money (Routledge, 2024) and Why Money Matters? (Journal of Economic Issues, 2023). Additionally, she was awarded a Marie Curie IF Action in 2016.

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