Examining the Socio-Cultural Effects of the Monetary Sector of Economics

Though a lot of research has been done on the effects of monetary and banking sectors of economics, their impact on socio-cultural domains, a more important issue, has been neglected. Here, after offering a definition of the nature of money as an institution, we have explored the effects of the monetary sector on socio-cultural domain of economics using library method. It has been concluded that despite their very harmful effects on socio-cultural systems and their causing social capital decline, these have been neglected when it comes to the cost effectiveness of monetary system. The research objective then is to estimate and analyze these effects.