Merry Christmas! In honor of the brazen (if unusually honest) Western Union commercial proclaiming money “king” this holiday season, let’s talk about money.
If someone asked me to name a novel that’s largely about money, my first thought would probably be Our Mutual Friend. According to Thomas Piketty—economist and author of the wildly popular Capital in the Twenty-First Century—that’s not just because I’ve read too much Victorian fiction. As a recent Slate article helpfully notes for those of us who just can’t stomach 700 pages of economics, even for a good cause, Piketty argues that in the early 20th century, novels became increasingly less interested in money as money itself ceased to be a “stable reference point” following massive inflation and a temporary reduction in wealth inequality. If I might risk paraphrasing Slate’s paraphrase (always a dangerous proposition): Earlier references to money in literature were a way of ordering the world in knowable ways, so when money itself became a slipperier signifier, it ceased to have the same value (har har) for authors. Continue reading