Revisiting money's multidimensional role: Bridging economic and non-economic perspectives

Money plays a multidimensional role that extends beyond economic functions, such as serving as a medium of exchange and a store of value, to include non-economic aspects, such as symbols of status, power, and social influence. Although many studies have examined money using a multidisciplinary approach, few have analyzed it from a non-economic perspective in an interdisciplinary context. This research aims to explore the multidimensional role of money from both economic and non-economic perspectives, providing a more comprehensive understanding of its influence on individual behavior, societal structures, and economic systems. This study assesses the reporting and evaluation of money based on relevant methodological literature, employing the Preferred Reporting Items for Systematic Reviews and Meta-Analysis (PRISMA) guidelines to enable a more in-depth historical review. This method allows for comprehensive, structured, and unbiased analysis of existing studies, ensuring research reliability. Technological developments have influenced the physical complex when economic and non-economic behaviors and technical use of money. Economically, money functions in accordance with classical theory, while its role from a non-economic perspective is primarily related to the socio-economic sphere. From a non-economic perspective, money serves roles related to psychology, social status, culture and identity, social relations, and social welfare. This study highlights the importance of examining monetary issues from a multidimensional perspective, as these dimensions are closely interrelated and cannot be considered in isolation. The functions of money are complex when economic and non-economic behaviors interact, as they can influence human behavior. This study extends the understanding of money beyond its traditional economic functions and offers new perspectives for economic theory and policy development.