Is money a social coordination game?

Yes, money can be considered a social coordination game. Experts like David Hoffman explain that money serves as a social coordination tool, allowing people to agree on a standard medium of exchange, store of value, and unit of account. In this context, money facilitates the coordination of social and economic activities by providing a commonly accepted means of trading value 1.

Furthermore, money is seen as both a shared narrative and a technological tool. It represents a shared belief in its value, which allows it to function effectively within a society. This shared belief, or social consensus, determines what is accepted as money 2. Money's role extends beyond mere economic functions; it acts as a medium for the social coordination of labor, resources, and value transactions 3.