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cofi:eloquent_1 [2026/10/07 00:01] – [Eloquent Cofi: Introduction] Katja Durranicofi:eloquent_1 [2026/10/07 00:46] (current) – Katja Durrani
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 +This topic is a sub-page of [[cofi:collaborative_finance|Collaborative Finance]].
 ====== Eloquent Cofi: Introduction ====== ====== Eloquent Cofi: Introduction ======
  
 The title of this workshop is "Money: top down or bottom up", but we also called it a workshop about building collective financial power. The title of this workshop is "Money: top down or bottom up", but we also called it a workshop about building collective financial power.
-So, what is the relation between money and finance? You could see finance as a mechanism that precedes money. It is about managing credit and debt relationships, and historically this happens before the first coins appear. 
-I want to introduce here the idea of finance as settlement. Let's say, we have a transaction, somebody makes a payment for a service. Finance has to do with bringing that transaction to an end. 
  
-In the Latin of the late Roman Empire, finantia meant in fact the 'amicable settlement of a dispute', from FINARE or FINIRE, to terminate, conclude.     +So, what is the relationship between money and finance? You could see finance as a mechanism that precedes money. It is about managing credit and debt relationships, and historically this happens before the first coins appear. 
 + 
 +I want to introduce here the idea of finance as //settlement//. Let's say, we have a transaction, somebody makes a payment for a service. Finance has to do with bringing that transaction to an end. 
 + 
 +In the Latin of the late Roman Empire – as Amato and Fantacci explain in their book //The End of Finance// –, //finantia// meant in fact the 'amicable settlement of a dispute', from FINARE or FINIRE, to terminate, conclude.     
  
 Likewise, payment comes from the Latin word 'pacare' which means pacify, make peace. Likewise, payment comes from the Latin word 'pacare' which means pacify, make peace.
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 So, in that sense, finance has an end as in a purpose, and also an ending, or a series of endings, where things are resolved. So, in that sense, finance has an end as in a purpose, and also an ending, or a series of endings, where things are resolved.
 +
 +{{:cofi:finantia.png?700|}}
  
 If we look at how the word finance is used today, it is tightly bound to money. And we have in fact a financial market where money itself is a product, where interest-bearing debts are bundled and sold off, and where more and more money is injected into the system and ends up in speculative markets that are detached from the actual economy of goods and services. If we look at how the word finance is used today, it is tightly bound to money. And we have in fact a financial market where money itself is a product, where interest-bearing debts are bundled and sold off, and where more and more money is injected into the system and ends up in speculative markets that are detached from the actual economy of goods and services.
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 ==== Exercise 1: What is / is not money? ==== ==== Exercise 1: What is / is not money? ====
 {{:cofi:what_is_money.png?700|What is money}} {{:cofi:what_is_money.png?700|What is money}}
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 +{{topic>cofi:money_not_money}}
  
  
  
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  • by Katja Durrani