emphasm on production, prediction, and control.
Because we ourselves live in a society so completely dominated by a money
economy, because the cash value of things has become their only value,
it is difficult for us to imagine an age not ruled by money and almost
impossible to understand the formative influence that the introduction of
a money economy exerted on the consciousness of early modern Europe. The
sudden emphasis on money and credit was the most obvious fact of economic
life during the Renaissance. The accumulation of vast sums in the hands of
single individuals, like the Medici, gave capital a magical quality, the
more so as the increasingly popular sale of indulgences brought entry into
heaven under its sway. Salvation had literally been the goal of Christian
life; now, since it could be purchased, money was. This penetration of
finance into the very core of Christianity could not help but rupture
the Thomistic synthesis. The German sociologist Georg Simmel argued that
the money economy "created the ideal of exact numerical calculation,"
and that the "mathematically exact interpretation of the cosmos" was
the "theoretical counterpart of a money economy." In a society that was
coming to regard the world as one big arithmetical problem, the notion
that there existed a sacred relationship between the individual and the
cosmos seemed increasingly dubious.7
Money's seemingly unlimited ability to reproduce itself further
substantiated the notion of an infinite universe which was so central to
the new world view. Profit, the crux of the capitalist system, is open
ended. A "capitalist economy and modern methodical science," wrote the
historian Alfred von Martin,
are the expression of an urge towards what is on principle unlimited
and without bounds; they are the expression of a dynamic will to
progress ad infinitum. Such were the inevitable consequences of
the breakup of an economically as well as intellectually closed
community. Instead of a closed economy administered in the traditional
mode and by a privileged group by way of monopoly, we now find an
open cycle and the corresponding change in consciousness.8
The emphasis on individual will which we identify with Renaissance
thought, specifically with the merchant-entrepreneurial class, also had an
obvious affinity with the new arithmetical Weltanschauung. The same class
that came to power through the new economy, that glorified the effort of
the individual, and that began to see in financial calculation a way of
comprehending the entire cosmos, came to regard quantification as the key
to personal success because quantification alone was thought to enable
mastery over nature by a rational understanding of its laws. Both money
and scientific intellect (especially in its Cartesian identification
with mathematics) have a purely formal, and thus "neutral" aspect. They
have no tangible content, but can be bent to any purpose. Ultimately,
they became the purpose. Historically, the circle was thus complete,
as Figure 8 illustrates:
Finally, even the notion of time -- and few things are as basic to numan
consciousness as the way in which the passage of events is perceived --
underwent a fundamental transformation. As Mircea Eliade points out in
"The Myth of the Eternal Return," the premodern conception of time is
cyclical. For the people of the Middle Ages, the seasons and events of
life followed one another with a comforting regularity. The notion of
time as linear was experientially alien to this world, and the need to
measure it correspondingly muted. But by the thirteenth century this
situation was already changing. Time, wrote Alfred von Martin,
was felt to be slipping away continuously. . . . After the thirteenth
century the clocks in the Italian cities struck all the twenty-four
hours of the day. It was realized that time was always short and
hence valuable,