Money, Power and Values M. Chandrasekaran

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Presentation transcript:

Money, Power and Values M. Chandrasekaran Fellow, Institute of Chartered Accountants of India Research Fellow, The Mother’s Service Society

Money, Power and Values Organized trade emerged because of the introduction of money. The shift from trust in commodities to trust in social Institutions. Acceptance and trust are the parents of money. Social and psychological values generate new money. Money is a symbol that represents values. Money is more than what the conventional theories think about it.

Money, Power and Values Money is a social and mental organization. Inter-convertibility is an important characteristic of money. Money is neutral and has no character of its own. Man has become a willing weapon in the hands of his own creation. Are the existing economic theories and social paradigms adequate to address plutocracy and to achieve wider distribution of money?