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A Definition of Money and its Cultural Perspective to Globalization

Money has a fundamental importance to society. Work hard and you will be rewarded is the Puritian ethic. Some consider money as the root of all evil, foolish, and hurtful lust, a way to corruption (Covitz and Guggenbuhl-Graig, 1982, p. 65, 88). Others consider money as a way to prosperity and happiness through capitalism.

The Encyclopedia Britannica defines money as

“a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed; as currency, it circulates anonymously from person to person and country to country, thus facilitating trade, and it is the principal measure of wealth.”

People have sought to understand and examine the concept of money for many centuries. The subject of money has been written by philosophers, economists, statesmen, writers, and poets. Ideas about money have been both celebrated and cursed. Money can influence the fate of individuals and nations, ideals, and societies (Alla, 1998).

Works Cited

Covitz, Joel, and Guggenbuhl-Graig, Adolf. (1982), Soul and Money (2nd Printing) Spring Publications, Inc: Dallas Texas, 65 & 88

Sheptun, Alla (1998) Philosophy and Money. Philosophy and Economics. Retrived 26 Oct. 2006 from http://www.bu.edu/wcp/Papers/Econ/EconShep.htm.

Money. (2006). In Encyclopædia Britannica. Retrieved October 26, 2006, from Encyclopædia Britannica Online: http://www.search.eb.com/eb/article-9108736