Anthropologically, money should be defined as a semantic system, broadly similar to language; writing, or weights and measures. These systems differ … - Karl Polanyi

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Anthropologically, money should be defined as a semantic system, broadly similar to language; writing, or weights and measures. These systems differ mainly in the purposes served and the signs employed. Language and writing serve the purpose of the communication of ideas, weights and measures that of quantitative physical relationship. As to signs, language uses oral sounds; writing employs ideograms or visual characters; weights and measures, on the other hand, use physical objects as the basis of symbols.
Money resembles, but also differs from, each of these. It serves several ends, which are traditionally described as means of payment; standard of value or money of account; store of wealth; and medium of exchange.

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About Karl Polanyi

Karl Paul Polanyi (October 25, 1886 – April 23, 1964) was a Hungarian-American economic historian, economic anthropologist, political economist, historical sociologist and social philosopher.

Biography information from Wikiquote

Also Known As

Native Name: Polányi Károly
Alternative Names: Károly Pollacsek Karoly Pollacsek Karl Paul Polanyi Polanyi Karoly
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Barter, truck, and exchange is a principle of economic behavior dependent for its effectiveness upon the market pattern. A market is a meeting place for the purpose of barter or buying and selling. Unless such a pattern is present, at least in patches, the propensity to barter will find but insufficient scope: it cannot produce prices.

the organization of labor is only another word for the forms of life of the common people, this means that the development of the market system would be accompanied by a change in the organization of society itself. All along the line, human society had become an accessory of the economic system.

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A bare outline of the objective nature of Fascism thus tends to support our interpretation of its philosophy. The Fascist system has to carry on persistently the task begun by the Fascist Movement: the destruction of the democratic parties, organisations, and institutions in society. Fascism must then proceed to attempt to change the nature of human consciousness itself. The pragmatic reasons for its clash with Christianity are due to this necessity. For a Corporative State is a condition of things in which there is no conscious will or purpose of the individual concerning the community, nor a corresponding responsibility of the individual for his share in it. But neither such a will not such a responsibility can pass from our world altogether so long as we continue to conceive of society as a relationship of persons.

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