000 01918cam a2200229 4500500
005 20250112024456.0
041 _afre
042 _adc
100 1 0 _aLe Maux, Laurent
_eauthor
245 0 0 _a3. Threadneedle Street: from Red to Black
260 _c2023.
500 _a62
520 _aThe article draws two perspectives, those of the Red and the Black, on either side of the Channel, across the border of political economy and littérature romanesque. The structure of the article lies on the triptych money-theoryfiction. First part: the British monetary debates around the Bank of England’s policy, before (and after) the Peel Act. The article shows how the central bank can contribute to stabilising (respectively, amplifying) tensions on the liquidity market. Second part: the theory of money proposed by Michel Aglietta and André Orléan. Their theory analyses the monetary institution as a form of mediation that captures (or, failing that, exacerbates) the violence originally at work within the market or the financial sphere. It is inspired by the work of René Girard, which unfolds two forms of mediation – external and internal mediation – Red and Black. Third and final part: Stendhal’s novel. The interpretation that René Girard suggests reveals how the characters in the novel embody the ways in which mediation crystallizes (or, on the contrary, constantly gropes). In the article, the distinction between Red and Black is not at a contextual or historical level, but at a theoretical level. JEL Classification: A12, B12, E58.
690 _aTheory of money
690 _aBank of England
690 _aNovel
690 _aTheory of money
690 _aBank of England
690 _aNovel
786 0 _nPapers in Political Economy | o 83 | 2 | 2023-06-06 | p. 53-73 | 0154-8344
856 4 1 _uhttps://shs.cairn.info/journal-papers-in-political-economy-2023-2-page-53?lang=en
999 _c145778
_d145778