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Origins of the Modern Concept of a Cashless Society, 1950s–1970s

  • Bernardo Bátiz-Lazo
  • Thomas Haigh
  • David L. Stearns
Chapter

Abstract

In this chapter we focus on the emergence of the idea of a “cashless/checkless society” in the 1960s as an example of how futuristic visions often drive new applications long before their economic viability is established. Variants of the “cashless/checkless society” vision appear throughout the developed world during the second half of the twentieth century, but for the sake of clarity and brevity, we will discuss the form it took in the United States from 1950s through the 1970s. As a result we illustrate how consensus that can drive actual technological developments is a key feature of how applications of information technology have been responsible for the increase in productivity of business organizations during the late twentieth century.

Keywords

Credit Card Science Fiction Social Entrepreneur Fast Food Restaurant Electronic Payment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Further Reading

  1. Bátiz-Lazo, B., Haigh, T., & Stearns, D. (2012, March 29). Visions of a cashless society. http://www.bloomberg.com/news/2012-03-29/visions-of-a-cashless-society-echoes.html. Accessed 22 Apr 2015.
  2. Bátiz-Lazo, B., Haigh, T., & Stearns, D. (2014a). How the future shaped the past: The case of the cashless society. Enterprise & Society, 15(1), 103–131.CrossRefGoogle Scholar
  3. Bátiz-Lazo, B., Karlson, T., & Thodenius, B. (2014b). The origins of the cashless society: Cash dispensers, direct to account payments and the development of on-line, real-time networks, c. 1965–1985. Essays in Economic and Business History, 32, 100–137.Google Scholar
  4. Bell, S. (2001). The role of the state in the hierarchy of money. Cambridge Journal of Economics, 25, 149–163.CrossRefGoogle Scholar
  5. Graeber, D. (2011). Debt: The first 5,000 years. New York: Melville House Publishing.Google Scholar
  6. Maurer, B. (2015). How would you like to pay? How technology is changing the future of money. Durham: Duke University Press.CrossRefGoogle Scholar

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Copyright information

© The Author(s) 2016

Authors and Affiliations

  • Bernardo Bátiz-Lazo
    • 1
  • Thomas Haigh
    • 2
    • 3
  • David L. Stearns
    • 4
  1. 1.Bangor UniversityBangorUK
  2. 2.University of Wisconsin–MilwaukeeMilwaukeeUSA
  3. 3.Siegen UniversitySiegenGermany
  4. 4.University of WashingtonSeattleUSA

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