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, discusses her book on the evolution of money and its societal implications. She explores the transformative power of technology on money and economic justice. Masso proposes a new monetary model rooted in social welfare, presenting money as a means to enhance individual and communal good. She delves into financialization impacts across cultures, revealing how attitudes towards debt vary globally. This enlightening discussion challenges conventional views and advocates for a redefined social contract.

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Intro

00:00 • 3min

Navigating Academic Journeys

02:31 • 12min

Redefining Money: Innovations and Challenges

14:58 • 7min

Rethinking Money and Value

22:26 • 8min

Understanding Financialization: Impacts on Corporations and Individuals

30:50 • 4min

The Rise of Financialization and Its Implications

34:35 • 3min

The Evolution of Money and Its Impact

37:53 • 11min

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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