Study on role of cash in society published by Ursula Dalinghaus

“Virtually Irreplaceable: Cash as Public Infrastructure,” by Visiting Professor of Anthropology Ursula Dalinghaus, has been published by Cash Matters, a movement by the International Currency Association (ICA).

Dalinghaus also is an affiliated scholar at the Institute for Money, Technology and Financial Inclusion at the University of California.

She makes the case that cash is a public good, examining its role in society and the characteristics that make it a public good, citing relevant studies, scholars and field experiments.

“Cash in circulation is growing on a global scale by approximately 3% per year; 80% of all payments worldwide are cash transactions,” says ICA Chairman Wolfram Seidemann. “Cash is an essential part of every stable financial and economic system. This paper demonstrates that cash is more than just a means of payment. It is a public good, part of modern life and vital for people’s everyday lives.”

Andrea Nitsche, chair of Cash Matters, adds, “Our study casts fresh light on the discussion around cash as a means of empowerment of citizens and consumers in society. Many of the scholars and experts cited are economists or central bank experts. However, there is also the anthropological point of view which makes for some surprising insights, and serves to illustrate the theses in this paper with examples from the daily lives of people across the globe.”

An interview with Dalinghaus can be read here.


Related Posts

Christopher T. Wood

Christopher T. Wood showing work at Pfister Hotel in Milwaukee Friday

Adjunct Instructor of Digital Art Christopher T. Wood is a candidate for the prestigious Pfister Hotel Artist-in-Residence in Milwaukee. Candidates for the award will have […]

Erin Bryan

Research by Erin K. Bryan selected for national poster presentation

Research by Erin K. Bryan, assistant professor of music and voice area coordinator, has been selected for a poster paper presentation at the 2022 National […]

Coach Bob Gillespie

Bob Gillespie to be inducted into Lewis University’s Academy of Coaches

Ripon Hall of Fame Coach Bob Gillespie will be inducted into Lewis University’s Academy of Coaches. He will be honored with three others during halftime […]

Seale Doss

Seale Doss publishes two new novels with familiar character

Professor Emeritus of Philosophy Seale Doss has two recent novels that are available on amazon.com. The character of Phillip Dee from Doss’ 2018 novel Blood […]

Ursula Dalinghaus

 


Related Areas of Study