Humanising The 'Naire' in Money: A Scoping Review

  • Lanre Akinpelu Olanrewaju Olutayo University of Ibadan, Faculty of The Social Sciences, Department of Sociology Ibadan, Oyo/ Nigeria https://orcid.org/0000-0003-4011-3045
  • Adedeji Saheed Oyenuga Lagos State University, Faculty of Social Sciences, Department of Sociology, Ojo, Lagos/ Nigeria https://orcid.org/0000-0001-5348-7658
Keywords: sustainable development goals, covid 19, money, world capitalist system

Abstract

As the world progresses into the critical Year 2030, the magic Year for attaining the Sustainable Development Goals, doubts about the certainty of success are high. Amid COVID-19, the climate crisis, the Russia-Ukraine war, among many other wars, and the high cost of living pushing most of the people into poverty and hardship, it is time to reconsider what is being done to make the world a better place for most of the people. In doing this, this paper attempts to interrogate the influence of money in the consistent world economic crises. It argues that the 'inevitability of money', attendant on changing technology, pervading the World Capitalist System needs to be reoriented to homos sociologicus. In a way, it recommends the need to 'humanise' money and technology, such that humans construct it socially instead of vice versa.

Metrics

Metrics Loading ...

References

Ali, M. (2016). Dark matter, black holes and old-fashioned exploitation: transnational corporations and the US economy. Cambridge Journal of Economics, 40(4), 997-1018. DOI: https://doi.org/10.1093/cje/bev062

Anderson, A., & Sandberg, J. (2019). Moralising Economic Desert. In C. Cowton, J. Dempsey, & T. Sorell (Eds.), Business Ethics After the Global Financial Crisis: Lessons from the Crash (1th ed., pp. 165-184). Routledge. DOI: https://doi.org/10.4324/9780429447839-11

Baah, S. K. T., & Lakner, C. (2023, July 31). Fragility and poverty in Sub-Saharan Africa: two sides of the same coin. ISPI.https://www.ispionline.it/en/publication/fragility-and-poverty-in-sub-saharan-africa-two-sides-of-the-same-coin-137354

Babatunde, H. O., Iwu, H. N., & Osuji, A. O. (2019). Money, politics, and vote buying in Nigeria's Fourth Republic: implications for national Security. Socialscientia Journal of the Social Sciences and Humanities, 4(2), 40-55.

Beatty, K. (2013, January 22). The role of money in politics. Prezi. https://prezi.com/h9dcod2g6xlb/the-role-of-money-in-politics/

Behar, M. A. (2023, August 11). The elasticity of substitution between skilled and unskilled labor in developing countries: a directed technical change perspective. International Monetary Fund Working Paper, https://www.imf.org/en/Publications/WP/Issues/2023/08/11/The-Elasticity-of-Substitution-Between-Skilled-and-Unskilled-Labor-in-Developing-Countries-537480 DOI: https://doi.org/10.5089/9798400250514.001

Boldizzoni, F. (2021, February 26). How Capitalism Survives: Social Theory and Structural Change. Economicsociology.Org https://economicsociology.org/2021/02/26/how-capitalism-survives-social-theory-and-structural-change/

Boudreaux, D. J. (2023, August 16). The Great Enrichment Was Enriching From the Start. AIER. https://www.aier.org/article/the-great-enrichment-was-enriching-from-the-start/

Briffault, R. (2020, October 13). Election 2020 sees record $11 billion in campaign spending, mostly from a handful of super-rich donors. The Conversation. https://theconversation.com/election-2020-sees-record-11-billion-in-campaign-spending-mostly-from-a-handful-of-super-rich-donors-145381

Butler, S. (2018). The Impact of Advanced Capitalism on Well-being: an Evidence-Informed Model. Human Arenas, 2(2), 200–227. https://doi.org/10.1007/s42087-018-0034-6 DOI: https://doi.org/10.1007/s42087-018-0034-6

Chan, J., Pun, N., & Selden, M. (2013). The politics of global production: Apple, Foxconn and China's new working class. New Technology, Work and Employment, 28(2), 100–115. DOI: https://doi.org/10.1111/ntwe.12008

Christiano, T. (2012). Money in Politics. In D. Estlund (Ed.), The Oxford Handbook of Political (pp. 241–261) Philosophy. Oxford Handbooks. https://doi.org/10.1093/oxfordhb/9780195376692.013.0013 DOI: https://doi.org/10.1093/oxfordhb/9780195376692.013.0013

Cole, A., & Ferrarese, E. (2018). How capitalism forms our lives. Journal for Cultural Research, 22(2), 105-112. https://doi.org/10.1080/14797585.2018.1461597 DOI: https://doi.org/10.1080/14797585.2018.1461597

Department of Defence (2019, September 30). Annual Status Report on the Deterioration of the United States Stockpile of Lethal Chemical Agents and Munitions for Fiscal Year 2019. U.S. Department of Defence. www.irp.fas.org/cbw/status-2019.pdf

Diogo, B., Spray, J., & Unsal, D. F. (2023, August 11). Coping with Climate Shocks: Food Security in a Spatial Framework. International Monetary Fund Working Paper, https://www.imf.org/en/Publications/WP/Issues/2023/08/11/Coping-with-Climate-Shocks-Food-Security-in-a-Spatial-Framework-537807 DOI: https://doi.org/10.5089/9798400252884.001

Erinosho, O. (2023, August 20). Reflections on A World of Hypocrisy, Hypocrites and Intrigues. The Nation Newspaper. https://thenationonlineng.net/calling-sociologists-to-action/#google_vignette

Friedman, S. (2019, August 05). Why new South African law won't end the toxic mix of money and politics. The Conversation. https://theconversation.com/why-new-south-african-law-wont-end-the-toxic-mix-of-money-and-politics-121461

Horwitz, S. (2007, July 01). Capitalism and the Family. Foundation of Economic Education, https://fee.org/articles/capitalism-and-the-family/

Huntington, S. P. (1971). The Change to Change: Modernisation, Development, and Politics. Comparative Politics, 3(3), 283–322. https://doi.org/10.2307/421470 DOI: https://doi.org/10.2307/421470

Institute for Economics & Peace. (2023, June). Global Peace Index 2023: Measuring Peace in a Complex World. Sydney. http://visionofhumanity.org/resources

Jahan, S., & Mahmud, A. S. (2015). What is Capitalism?. Finance & Development Magazine, 52(2), Retrieved August 14, 2023, from https://international.vlex.com/vid/what-is-capitalism-572677878

Kirshner, J. (2003). Money Is Politics. Review of International Political Economy, 10(4), 645–660. http://www.jstor.org/stable/4177480 DOI: https://doi.org/10.1080/09692290310001601911

Leach, C. W., Brown, L. M., & Worden, R. E. (2008). Ethnicity and Identity Politics. In L. Kurtz (Ed.), Encyclopedia of Violence, Peace and Conflict (2nd ed., pp. 758-768). Academic Press. DOI: https://doi.org/10.1016/B978-012373985-8.00063-5

Lewis, C. (2016, September 12). When political self-interest decides donation rules, what chance reform in the public interest? The Conversation https://theconversation.com/when-political-self-interest-decides-donations-rules-what-chance-reform-in-the-public-interest-65098

Lipscomb, M. M. (1993). Changing meanings of development: Dudley Seers-An Intellectual Biography. [Unpublished doctoral dissertation]. University of Southampton.

Marx, K. (1990). Capital: A critique of political economy, Vol.1. Penguin Publishing Group

Massoglia, A. (2023, December 21). Money-in-Politics Stories Driving the News in 2023. Open Secrets: Following the Money in Politics OpenSecrets https://www.opensecrets.org/news/category/2024-presidential/?emci=31c3917e-2841-ee11-a3f1-00224832eb73&emdi=4ffa20d3-ee41-ee11-a3f1-00224832eb73&ceid=15823707

McMenamin, I. (2016, May 30). No bribes please, we're corrupt Australians!. The Conversation https://theconversation.com/no-bribes-please-were-corrupt-australians-59657

Mitchell, J. C. (n.d.). What is a Customer Need? Pragmatic Institute. Retrieved August 14, 2023, from https://www.pragmaticinstitute.com/resources/articles/product/what-is-a-customer-need/

Mosley, L. (2017). Workers' rights in global value chains: possibilities for protection and peril. New Political Economy, 22(2), 153-168. https://doi.org/10.1080/13563467.2016.1151057 DOI: https://doi.org/10.1080/13563467.2016.1273339

Munger, M. (2019, April 24). Capitalism in Three Principles. AIER. https://www.aier.org/article/capitalism-in-three-principles/

Mutch, R. E. (2020). The Role of Money in Politics. In P. Baker & D. T. Critchlow (Eds.), The Oxford Handbook of American Political History (pp. 246–264). Oxford Handbooks. https://doi.org/10.1093/oxfordhb/9780199341788.013.10 DOI: https://doi.org/10.1093/oxfordhb/9780199341788.013.10

Nishibe, M. (2019). Marx’s Financial Capitalism. The Japanese Political Economy, 45(1-2). https://doi.org/10.1080/2329194X.2019.1623446 DOI: https://doi.org/10.1080/2329194X.2019.1611377

Norfield, T. (n.d.). T-Shirt Economics: Labour in the Imperialist World Economy. Global Labour Column. Retrieved August 14, 2023, from http://column.global-labour-university.org/2012/08/t-shirt-economics-labour-in-imperialist.html

Nudelsman, S. (2022, July 28). Global inequality in the current era. Econ Papers, 32(61). https://econpapers.repec.org/paper/col000418/020646.htm DOI: https://doi.org/10.15446/ede.v32n61.97281

Nwoko, K. (2019). Money Politics and Crisis of Leadership in Nigeria: A Critical Evaluation of Experiences in Nigeria’s Fourth Republic. International Journal of Innovative Legal & Political Studies, 7(4), 10-21.

Ogbette, A. S., Idam, M. O., Kareem, A. O., Eke, I. E. (2019). Money Politics in Nigeria: Causes, Effects and Management. Journal of Public Administration, 1(2), 13-17. DOI: https://doi.org/10.22259/2642-8318.0102003

Ogunbiyi, T. (2022, June 7). Money politics and the Nigerian economy. Businessday. https://businessday.ng/opinion/article/money-politics-and-the-nigerian-economy/#google_vignette

Olutayo, A. O. (2009). Infrastructure and development: catalysis or cataclysm in Africa? The case of Fadama Farming in Nigeria. Ibadan Journal of the Social Sciences, 7(1), 69-83. DOI: https://doi.org/10.36108/ijss/9002.70.0160

Olutayo, A. O. (2018, May 31). Sabiticate is equal to what? Inaugural lecture delivered at the University of Ibadan, May 31st. Ibadan University Press. https://searchworks.stanford.edu/view/12858937

Olutayo, L. (2001/2002). The contributions of Ralf Dahrendorf to sociological discourse. Ibadan Journal of Humanistic Studies, (11&12), 27-43.

Omisore, B. O. (2013). Money, Politics and Corruption in Nigeria. Journal of Public Administration and Governance, 3(1), 17-40. DOI: https://doi.org/10.5296/jpag.v3i1.3157

Oxfam (2023, January 16). Survival of the Richest. [Oxfam Briefing Paper]. Oxfam International. https://www.oxfam.org/en/research/survival-richest

Oyenuga, A. (2018). Law Enforcement Agencies and the Control of Cybercrime Involvement in Metropolitan Lagos. LASU Journal of Social Sciences, 12, 65-72.

Page, B. I., & Gilens, M. (2017). Democracy in America? What Has Gone Wrong and What We Can Do About It. University of Chicago Press. DOI: https://doi.org/10.7208/chicago/9780226509013.001.0001

Partington, R. (2019, September 9). Inequality: is it rising, and can we reverse it? The Guardian. https://www.theguardian.com/news/2019/sep/09/inequality-is-it-rising-and-can-we-reverse-it

Philipps D. & Ismay J. (2023, July 6). US Is Destroying the Last of Its Once-Vast Chemical Weapons Arsenal The New York Times. https://www.nytimes.com/2023/07/06/us/chemical-weapons-stockpile.html accessed 070723

Philips, J. (2020, October 31). The Effects of Capitalism on Impoverished Nations. Borgen Magazine https://www.borgenmagazine.com/the-effects-of-capitalism/

Rakoczy, C. (Updated 2024, Jun 27). Why Money Is Important. Lend Edu https://lendedu.com/blog/why-money-is-important/

Rigg, J. (2006). Land, farming, livelihoods, and poverty: Rethinking the links in the Rural South. World Development, 34(1), 180-20. DOI: https://doi.org/10.1016/j.worlddev.2005.07.015

Rose-Ackerman, S. (2012). Controlling political power. In Corruption and Government Causes, Consequences, and Reform (pp. 143 – 174). Cambridge University Press. https://doi.org/10.1017/CBO9781139175098.010 DOI: https://doi.org/10.1017/CBO9781139175098.010

Sachs, J. D., Lafortune, G., Fuller, G., Drumm, E. (2023). Implementing the SDG Stimulus. Sustainable Development Report 2023. Dublin University Press. https://doi.org/10.25546/102924

Seers, D. (1969). The Meaning of Development. IDS Communication 44. Brighton Institute of Development Studies.

Seers, D. (1972). What are we trying to Measure? The Journal of Development Studies, 8(3), 21-36. DOI: https://doi.org/10.1080/00220387208421410

Selwyn, B. (2017, January 26). How globalisation brought the brutality of markets to Western shores. The Conversation https://theconversation.com/how-globalisation-brought-the-brutality-of-markets-to-western-shores-63228

Silver, Nate. (2013, February 11). New Rove Group Could Backfire on G.O.P. The New York Times. http://fivethirtyeight.blogs.nytimes.com/2013/02/11/new-rove-group-could-backfire-on-g-o-p

Slaughter, M. J. (2010). How U.S. Multinational Companies Strengthen the U.S. economy Data Update. https://www.uscib.org/docs/foundation_multinationals_update.pdf

Solimano, A. (2001). The evolution of World Economic Inequality: Assessing the Impact of Globalization. United Nations CEPAL ECLAC Serie.

Speck, B. W., & Olabe, P. B. (2013, November 14-15). Money in Politics: Sound Political Competition and Trust in Government Community [Conference presentation]. Background Paper Prepared for OECD Policy Forum on Restoring Trust in Government: Addressing Risks of Influence in Public Decision Making. Public Sector Integrity Network, OECD, Paris, France. Retrived August 23,2023 from https://www.oecd.org

Stanford Encyclopedia of Philosophy (2023, March 10). Philosophy of Money and Finance. https://plato.stanford.edu/entries/money-finance/

Stuckler, D., Basu, S., & McKee, M. (2010, March 02). Drivers of Inequality in Millennium Development Goal Progress: A Statistical Analysis. Plos Medicine, 7(3), https://doi.org/10.1371/journal.pmed.1000241 DOI: https://doi.org/10.1371/journal.pmed.1000241

Tikkanen, A. (n.d.). A Brief (and Fascinating) History of Money. Encyclopedia Britannica. Retrived June 06,2023 from https://www.britannica.com/story/a-brief-and-fascinating-history-of-money

United Nations. (2015). Inequality Matters: Report of the World Social Situation. United Nations Department of Economic and Social Affairs

United Nations. (2020). World Social Report: Inequality in a Rapidly Changing World. United Nations Department of Economic and Social Affairs

United Nations. (2023’a). World economic situation and prospects as of mid-2023. United Nations Department of Economic and Social Affairs. Retrived August 14,2023 from https://www.un.org/development/desa/dpad/wp-content/uploads/sites/45/WESP_2023_MYU_KeyMessages.pdf

United Nations. (2023’b). Promise in peril. United Nations Department of Economic and Social Affairs. Retrived August 14,2023 from https://unstats.un.org/sdgs/report/2023/Promise-in-peril/

University of Minnesota (2016). What is Money? Principles of Economics. Retrived June 06, 2023 from https://open.lib.umn.edu/principleseconomics/chapter/24-1-what-is-money/

Walsh, A., & Lynch, T. (2008). The Morality of Money: An Exploration in Analytic Philosophy. Palgrave Macmillan DOI: https://doi.org/10.1057/9780230227804

Weber, M. (1976). The Protestant Ethics and the Spirit of Capitalism. George Allen and Unwin

Weeks, D. (2008, January 01). Does Money Buy Elections? The Impact of Spending on U.S. Congressional Campaigns. Institute for Free Speech https://www.ifs.org/research/httpwww-campaignfreedom-orgdoclib20091103_doesmoneybuyelections2008-pdf/

World Bank Group. (2023, May 31). World Bank Group Statement on Uganda 2023 Anti-Homosexuality Act. [Statement]. https://www.worldbank.org/en/news/statement/2023/05/31/world-bank-group-on-uganda

World Economic Forum (2023, January 11). The Global Risks Report 2023. World Economic Forum https://www.weforum.org/publications/global-risks-report-2023/#:~:text=The%20Global%20Risks%20Report%202023,human%20development%20and%20future%20resilience.

Published
2024-09-29
How to Cite
Olutayo, L. A. O., & Oyenuga, A. S. (2024). Humanising The ’Naire’ in Money: A Scoping Review. Journal of Applied And Theoretical Social Sciences, 6(3), 214-232. https://doi.org/10.37241/jatss.2024.111