Michael Merrill, Empire State College | Newberry

Michael Merrill, Empire State College

Friday, September 19, 2014

3-5 pm


Center for American History and Culture Programs
History of Capitalism Seminar

“The Monetarization of Everything: Gifted Credit, Commercial Exchange, and the Transition to Capitalism in the United States”

Michael Merrill, Empire State College

“The Monetarization of Everything” is concerned with alternative forms of economic exchange and the pace and pattern of the transition to capitalism in the United States. “Capitalism” is defined as an economic system in which money is also a factor of production and therefore a source of value—i.e., a system in which money is capital. Prior to capitalism’s diffusion, the dominant means of exchange in the US was gifted credit. Nineteenth-century trend estimates of both the “gift economy” thus fostered and its monetary rival are offered, and the structural differences between them are compared with descriptive social account matrices.

Cost and Registration Information 

Scholl Center Seminar papers are pre-circulated electronically.  For a copy of the paper, email the Scholl Center at scholl@newberry.org.  Please do not request a paper unless you plan to attend.