Is the PRC a Socialist nation-state? Certainly, the CPC in Beijing is adamant about the PRC being Socialistic, to which this author is inclined to agree (even if my interpretations are more nuanced). The consensus outside the PRC, however, is… Read More ›
Month: June 2021
Compendium: Theories of Money (Pt. II of II)
If MMT was derived from aspects of the State and Credit Theories of Money, where would be the Work-Standard’s Theory of Money? Going back to the second half of the SMP Compendium entry for “Theory of Value,” it was stated… Read More ›
Compendium: Theories of Money (Pt. I of II)
Competing Theories of Money have proliferated in the Western world when the concept of Currency became grew increasingly important since the Renaissance. In addition to the Theories of Value that argued for different ways to determine how much something should… Read More ›
On the Validity of the Global Savings Glut (GSG)
Are there any discernible connections between the spiraling amounts of Schuld owned by billions of people and dozens of nation-states and the planetary-wide proliferation of Fiat Currencies since the death of Bretton Woods? This Blog has found convincing evidence to… Read More ›
Regarding the SMP Compendium
I recently mapped out as much of the SMP Compendium as I could. Enough information has been provided across the past few weeks of entries that I am now able to include more planned entries and provide additional philosophical and… Read More ›
Compendium: Total Economic Potential Formula (Pt. II of II)
In the previous part of this entry, the equations on how to calculate the TEP of the nation-state and by extension its RTEP were discussed. Those equations did not include the possibility of the nation-state engaging in international trade. Although… Read More ›
Compendium: Total Economic Potential Formula (Pt. I of II)
In an earlier entry, we discovered the formula for finding the Quality of Arbeit. The Quality of Arbeit governs the Value of Arbeit before any conversions into Geld can be made. Since the Quality of Geld, Total Financial Potential, and… Read More ›
Draft on Math Conversions of Arbeit into Geld
Those of you may have probably read these two entries in the SMP Compendium that Arbeit is given a value denominated in a placeholder currency. This is understandable but there are a few questions which I have been thinking about… Read More ›
Compendium: Introduction to Command-Obedience Account Bookkeeping
A heavily reworked version of Double-Entry Bookkeeping, Command-Obedience Bookkeeping is the preferred accounting system under the Work-Standard. As pointed out in an early post on The Fourth Estate Blog, Double-Entry Bookkeeping contributed to the formation of the Capitalism in Liberal… Read More ›
Preliminary Draft on Finding the Total Economic Potential
To begin, I should address the fact that this will be a regular blog post, rather than a new entry in the SMP Compendium. The reason is because I am still working on my readings of Der Arbeiter and articulating… Read More ›
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