Money and Liberty in Modern Europe

Money and Liberty in Modern Europe

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The concept of class, along with its correlates -m class interest, class conflict, class consciousness - ramain indispensable tools of historical explanation. Yet research over the last twenty-five years, especially on the histories of England, France, and Germany, has revealed an increasingly poor fit between these concepts and the reality they purport to explain. Some historians have reacted by rejecting class; others have proposed bold revisions in our understanding of it that enable it to encompass new research findings. This study does neither. Instead, building on interpretive method Professor Reddy proposes to replace class with an alternative concept that seeks to capture from a new angle the fundamental relations of exchange and authority that have shaped social life in modern Europe.THE NOTION OF MONETARY EXCHANGE ASYMMETRY being put forward here is merely a novel combination of some old and common economic ideas. ... At any moment an auto manufacturer must make enough units so that when costs are spread over all units, costs fall below prevailing ... If they cost $10, 000 apiece, most families will be able to get $10, 000 worth of use out of one or at most two cars.

Title:Money and Liberty in Modern Europe
Author:William M. Reddy
Publisher:Cambridge University Press - 1987-01-30


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