Money may be considered the single greatest organizational invention of the past five thousand years comparable in its impact to that of language and the Internet. The emergence of money as a preeminent social institution vividly illustrates the central role of organization in the process of social development. MSS is engaged in a major research project examining the theoretical and historical foundations for the social institution of money as an application of development theory. The research includes an examination of the underlying social causes of inflation, the factors leading to the onset of the Great Depression, as well as the Japanese and East Asian financial crises. In 2007, the Society began the first draft of a book presenting its theoretical perspective on the nature and role of money in social development.

For an overview of MSS projects in this field, please see Theory of Money Projects

Articles

Japanese Banking Crisis
By Garry Jacobs, Published in 'Japan Times'
January 22, 2000


Currency & Price Reform in Russia
By Garry Jacobs, Published in 'Moscow News'
Weekly no. 34, 1992


Inflation: Symptom of Social Growth
By Garry Jacobs, Published in 'The Hindu'
May 31, 1980


Emergence of New Class
By Garry Jacobs, Published in 'The Hindu'
June 3, 1980


Rights of Man Gain Predominance
By Garry Jacobs, Published in 'The Hindu'
June 4, 1980


Limits to Governmental Action
By Garry Jacobs, Published in 'The Hindu'
June 7, 1980

Conference Presentations

• International Financial Crisis & Single World Currency, By Garry Jacobs, Presented to World Academy of Art & Science General Assembly, at the Workshop on Money & Global Governance: Financing Sustainable Development, Hyderabad, October 19, 2008
• Towards a World Currency, By Garry Jacobs, Presented to World Academy of Art & Science General Assembly at the Session on Money & Global Governance: Financing Sustainable Development, Hyderabad, October 19-20, 2008
• Musings on Money and Development Theory Presentation at World Academy conference on Development Theory in Chennai 1999
• East Asian Financial Crisis Based on a paper presented at the Pacific Rim Conference of Allied Economic Organizations held in Bangkok, January 13-18, 1998
• The Role of Money and the Internet in Development, Presented to Pacific Rim Economic Conference, Bangkok, Jan 13-18, 1998

Papers

• Role of Money in Development, April 6, 2007
• Integration of Money with other Social Institutions, February 3, 2007
• Social and Psychological Value of Money, January 27, 2007
• Inflation, Currency and Development, July 19, 1980
• Inflation: Symptom of Social Growth
• Inflation: Changes in the Human Value of Currency
• Local Currency