Coining Societies: An Inter-Functional Comparative Analysis of the Euro

Roth, S. (2014), Coining societies: an inter-functional comparative analysis of the Euro, Innovation: The European Journal of Social Science Research, Vol. 27 No. 2, 99-188.

20 Pages Posted: 22 Feb 2014 Last revised: 2 Sep 2014

See all articles by Steffen Roth

Steffen Roth

La Rochelle Business School; University of Turku

Date Written: February 19, 2014

Abstract

The present analysis of the Euro looks for the marks that function systems make on what we commonly take for the European money. Clearly distinguishing between coins and currency, the Euro coins and banknotes are not taken for economic tokens per se but for storage devices that contain both economic and noneconomic information. A systemic analysis of the function system references on these storage devices shows that the economy has left fewer marks on the Euro than politics, art, and the mass media systems have. We, hence, argue that “the Euro” “is” not just money with a political second mission but rather can be understood as an indicator of the relative relevance that specific function systems do or do not have for the European societies and the European society.

Keywords: Multifunctional, Polyphonic, Function system, money, currency, Euro

JEL Classification: A14, O52

Suggested Citation

Roth, Steffen, Coining Societies: An Inter-Functional Comparative Analysis of the Euro (February 19, 2014). Roth, S. (2014), Coining societies: an inter-functional comparative analysis of the Euro, Innovation: The European Journal of Social Science Research, Vol. 27 No. 2, 99-188.. Available at SSRN: https://ssrn.com/abstract=2398940

Steffen Roth (Contact Author)

La Rochelle Business School ( email )

102 rue de Coureilles
Les Minimes
La Rochelle, 17024
France

University of Turku ( email )

Assistentinkatu 7
Turku, 20014
Finland

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