Nigel Dodd

Bio: Nigel Dodd is an academic researcher from London School of Economics and Political Science. The author has contributed to research in topics: Currency & European union. The author has an hindex of 15, co-authored 36 publications receiving 955 citations.

The Social Life of Money

Abstract: Questions about the nature of money have gained a new urgency in the aftermath of the global financial crisis. Even as many people have less of it, there are more forms and systems of money, from local currencies and social lending to mobile money and Bitcoin. Yet our understanding of what money is—and what it might be—hasn't kept pace. In The Social Life of Money, Nigel Dodd, one of today’s leading sociologists of money, reformulates the theory of the subject for a postcrisis world in which new kinds of money are proliferating. What counts as legitimate action by central banks that issue currency and set policy? What underpins the right of nongovernmental actors to create new currencies? And how might new forms of money surpass or subvert government-sanctioned currencies? To answer such questions, The Social Life of Money takes a fresh and wide-ranging look at modern theories of money. One of the book’s central concerns is how money can be wrested from the domination and mismanagement of banks and governments and restored to its fundamental position as the "claim upon society" described by Georg Simmel. But rather than advancing yet another critique of the state-based monetary system, The Social Life of Money draws out the utopian aspects of money and the ways in which its transformation could in turn transform society, politics, and economics. The book also identifies the contributions of thinkers who have not previously been thought of as monetary theorists—including Nietzsche, Benjamin, Bataille, Deleuze and Guattari, Baudrillard, Derrida, and Hardt and Negri. The result provides new ways of thinking about money that seek not only to understand it but to change it.

The sociology of money : economics, reason & contemporary society

Abstract: Preface. Introduction: On the Nature of Money. Part I:. 1. The Political Economy of Money. 2. Money and the State. 3. Cultural Aspects of the Mature Money Economy. 4. Money and the Social System. Part II:. 5. The Politics of International Monetary Integration. 6. Money in Postmodern Economics. 7. High Modernity, Rationality and Trust. 8. Monetary Analysis in Social Theory. Bibliography. Index.

The Social Life of Bitcoin

Abstract: This paper challenges the notion that Bitcoin is ‘trust-free’ money by highlighting the social practices, organizational structures and utopian ambitions that sustain it. At the paper's heart is th...

Reinventing monies in Europe

Abstract: This paper offers much-needed analytical refinement to the sociology of money. I argue that we need to develop a conceptual vocabulary that enables us to take account of two apparently conflicting trends in the world's money flows. While state-issued ‘currency’ is undergoing a process of homogenization, ‘money’ in a generic sense is diversifying through the rapid growth of new monetary forms. I move on to suggest that all forms of money (some currencies, others not) should be regarded as dual: as monies of account and as monetary media. This dualism sheds new light on a monetary form that sociologists have either ignored or misunderstood, namely the euro. It enables us to conceive of the euro as a highly unorthodox, or hybrid, currency. Moreover, it suggests that, by virtue of this unorthodoxy, the euro zone represents a special case of currency homogenization that may actually stimulate monetary diversification.

Handbook of Economic Sociology

Abstract: During recent years social scientists have come to reaffirm that understanding almost any facet of social life requires a simultaneous understanding of how economic institutions work and how they are influenced by values and norms. Sociology, and especially economic sociology, is well equipped to be of assistance in this endeavor. Neil Smelser and Richard Swedberg bring together leading sociologists, economists, and political scientists in The Handbook of Economic Sociology, the first comprehensive view of this vital and growing field. "This excellent volume is a compilation of some of the best writing in this field over the past decade, including basic works like Oliver Williamson's transaction cost theory of the firm, and [is] a helpful comparison of economic sociology to mainstream economics." —Francis Fukuyama, Foreign Affairs "This is the first comprehensive theoretical and empirical account of the burgeoning field of economic sociology. The scholarship is consistently strong. . .. The book will be greeted warmly and read by serious scholars throughout the social sciences." —Robert K. Merton "This is a bold, ambitious, almost daunting project. ... It will surely become the standard reference book for the field—the sort of text every scholar will have to know-, consult, and cite." —Viviana Zelizer

The Handbook of economic sociology

Abstract: During recent years social scientists have come to reaffirm that understanding almost any facet of social life requires a simultaneous understanding of how economic institutions work and how they are influenced by values and norms. Sociology, and especially economic sociology, is well equipped to be of assistance in this endeavor. Neil Smelser and Richard Swedberg bring together leading sociologists, economists, and political scientists in The Handbook of Economic Sociology, the first comprehensive view of this vital and growing field.During recent years social scientists have come to reaffirm that understanding almost any facet of social life requires a simultaneous understanding of how economic institutions work and how they are influenced by values and norms. Sociology, and especially economic sociology, is well equipped to be of assistance in this endeavor. Neil Smelser and Richard Swedberg bring together leading sociologists, economists, and political scientists in The Handbook of Economic Sociology, the first comprehensive view of this vital and growing field.