Looking beneath the surface of seemingly ordinary social interactions, The Moral Power of Money investigates the forces of power and morality at play, particularly among the poor. Drawing on fieldwork in a slum of Buenos Aires, Ariel Wilkis argues that money is a critical symbol used to negotiate not only material possessions, but also the political, economic, class, gender, and generational bonds between people.
Through vivid accounts of the stark realities of life in Villa Olimpia, Wilkis highlights the interplay of money, morality, and power. Drawing out the theoretical implications of these stories, he proposes a new concept of moral capital based on different kinds, or "pieces," of money. Each chapter covers a different "piece"-money earned from the informal and illegal economies, money lent through family and market relations, money donated with conditional cash transfers, political money that binds politicians and their supporters, sacrificed money offered to the church, and safeguarded money used to support people facing hardships. This book builds an original theory of the moral sociology of money, providing the tools for understanding the role money plays in social life today.
Ariel Wilkis is a researcher at the National Council of Scientific and Technological Research (CONICET) and Co-Director of the Center for Social Studies of Economics at the National University of San Mart¿ Argentina.
"The primary material makes the book an engaging read. One of the effects of looking at the various pieces of money important to
villeros is that it gives us a better understanding of how interdependent they are in real life, and how individuals and families strategize. The attention to family is welcome and helps highlight relations of cooperation, power, and hierarchy on the ground; not just between poor communities and the larger society, but also within these homes and communities....The book will be of interest in the fields of international development, sociology, and anthropology....The book will be of interest to scholars of Argentina, money, the urban poor, and grass roots politics. It is suitable both for graduate and advanced undergraduate courses."
