A landmark critique of Smithian notions of money as neutral medium of exchange, naturalized in social theory from Parsons to Habermas. Arguing instead for Weber’s concept of money as weapon in the market struggle, Wolfgang Streeck reveals how the single currency has transformed Europe’s qualitative horizontal diversity into quantitative vertical inequality.
Streeck, Wolfgang. 2015. “Why the Euro Divides Europe.” New Left Review 95:5-26.