Monetary phenomena define the contours of the contemporary global economy.
This is a recent development, and it will transform the study of internatio
nal political economy (IPE). Two excellent new books, The Geography of Mone
y, by Benjamin Cohen, and Mad Money, by Susan Strange, will frame, support,
and provide the point of departure for scholars addressing this vital ques
tion. Ultimately, however, and perhaps necessarily, these hooks raise more
questions than the!, answer. But they do suggest in which direction the mos
t promising avenues of investigation point-toward the study of the unique i
nterconnections between the ideas, material interests, and institutions ass
ociated with the management of money. Those relationships are profoundly co
nsequential for politics and demand the renewed attention of contemporary s
cholars of international relations and political economy.