Georg Simmel’s Philosophy of Money: 5. The Money Equivalent of Personal Values

Simmel’s theme has now been firmly established: the “unconditional interchangeability” of money, and how in making incompatible value sets commensurable, it calls into question all positions of absolute value. Anything that has a price holds relative value to everything else with a price, by definition. And the ultimate unit of value, that of money itself, has no intrinsic […]