‘Money Talks’: Communicative and Symbolic Functions of Cash Money
«Деньги говорят»: коммуникативные и символические функции наличных денег
2015-06-15
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cashcash in social actioncash versus electronic payment methodscommunicative functions of cashsymbolic functions of cash
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Abstract (AI)
Cash is one of the most widespread and enduring symbolic resources for the accomplishment of social action. Yet the sociology of money has never paid much attention to cash, let alone practical uses of cash in actual transactions. The present article analyses this topic: how people project and recognise the actions, plans and understandings of market actors using cash. Communicative functions of cash are realised, it is shown, in and through the way it is held, moved, positioned and indexed. The flexibility of cash, compared with other monetary media, is demonstrated and explored. With respect to making payments, paying for others and reimbursing people, activities are described which can only be accomplished with cash, which cannot be done with bankcards or transfers. The article at least suggests why cash might endure in a digital age.
Key Findings
1
Cash exhibits flexibility compared with other monetary media, enabling uses that bankcards or transfers cannot replicate.
2
Cash serves as a widespread, enduring symbolic resource that accomplishes social action through communicative functions.
3
Certain activities—making payments, paying for others, and reimbursing people—can be accomplished only with cash according to the analysis.
4
Communicative functions of cash are realised via how it is held, moved, positioned and indexed, conveying actors' actions, plans and understandings.
5
The article suggests these communicative and practical qualities help explain why cash might endure in a digital age.
Research Object
Cash (physical money) as used in social transactions
Research Subject
Communicative and symbolic functions and practical uses of cash in interactions—how cash is held, moved, positioned and indexed to project and recognize actions, plans, understandings, and activities (payments, paying for others, reimbursements) that distinguish cash from other monetary media
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2015-06-15
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