The nature of competition
Morality arises in response to the fact that human affairs, when left to their own devices,
have a tendency to go very badly. Thomas Hobbes summed it up best with his observation that the
unbridled pursuit of individual self-interest generates a “natural condition” in which life is
“solitary, poor, nasty, brutish and short.”
Philosophy of Money
ABSTRACT: This article is an attempt to sketch a philosophical view of money as a social phenomenon. I show that the way to understand the substance of money is to analyze its meaning as a medium of exchange in connection with its meaning as a purpose of exchange, thereby providing an investigation of its social value. This approach has been used by many of the great philosophers and economists of the past, but not today. Modern economics is a policy oriented theoretical discipline and concentrates its efforts on solving practical tasks. I hope to contribute a philosophical approach to economic research.
