In this brand new Third Edition of The Work-Standard, important elaborations and revisions have been made in response to what is now a series of Treatises. Still revolutionary in its monetary and fiscal implications, the “Arbeitsstandard (Work-Standard)” in the Third Edition will be explored from a larger variety of political-economic and socio-cultural perspectives. The original aims of articulating an alternative conception of Currency distinct from Neoliberal versions and investigating its implications in America will remain as they are, albeit with improved writing and argumentation. Every effort was made to ensure that the Treatise resembles an actual book as opposed to being a bundled collection of seemingly disparate blog posts in a .PDF file, which was obviously the case when the original First Edition was written in late 2021.

The preceding Second Edition, despite being a major improvement on the First Edition, left so much to be desired. The writing across various Entries in the Sections of the Treatise still remained inconsistent at times. Some Entries were well-written, whereas others felt that they could have been given better delivery of their stipulations. Since the number of Entries are too vast to mention here, the Reader will notice what has been changed and what only received edits to lingering typos from the First and Second Editions.  

As the Author began investigating the various alternative models of political-economic governance that flowed directly from the “American National Essence,” other contributors to the Federalist Legacy of Alexander Hamilton and the Federalist Party (“Hamiltonianism” or “Hamiltonian Federalist Socialism”) made their appearances known from 2022 onward. Today, it is possible to speak of growing movement of Hamiltonians with “Political Left” and “Political Right” tendencies (assuming the Left-Right Political Spectrum has any significance at this point). There are now “Left-Hamiltonians” in favor of advancing an All-American Socialism and “Right-Hamiltonians” advocating an All-American Corporatism. While the proposals and visions of these alternative economic governance models remain imperfect, they are nonetheless crucial steps toward a more Federalist and less Democratic-Republican pivot within US political-economic discourse. Those contributions deserve attention here.   

Thus, the Third Edition distinguishes itself from the Second Edition by broadening its analysis beyond Pure Socialism. It features a new in-depth discussion of the “Great Divergence” within the Federalist Party between Hamilton and James Madison, the latter of whom being one of Thomas Jefferson’s two protégés (the other being James Monroe). Madison betrayed the Federalist Party in the interests of his mentor on two important grounds that continue to be relevant in contemporary America. In essence, the Federal, State and Local governments must work together to steer the US economy and that the Federal government is required under the Constitution to perform specific functions necessary and proper for the fostering of an All-American National Consciousness.     

Also new to the Third Edition are concurring discussions of other models of economic governance such as Corporatism and State Capitalism. In the United States, “American Corporatism” traces its origins back to the early Puritans who settled in parts of what is today called New England.  The origins of “American State Capitalism” are more recent in that it was part of President Theodore Roosevelt’s contributions to the Federalist Legacy in his “New Nationalism,” a program that was later challenged by the “New Freedom” of Woodrow Wilson, which was itself a contribution to the Democratic-Republican Legacy of the Jeffersonians.

It is because of the aforementioned changes that the Third Edition of The Work-Standard will boasts two new Sections devoted to discussions of US History and contemporary political-economic discourse as well as forays into Constitutional Law and Theory. In contemporary times, it has become fashionable to reinterpret and reevaluate US History from opposing perspectives of Jeffersonian Democratic-Republican thought. The Americaness of the American people is being brought into open doubt, the American National Consciousness becoming increasingly fractured in the next phase of the 21^st century. Such psychic disruptions are reflected in the “American National Culture,” demonstrating why an “American National Identity” was never truly forged at any point in US History. The Constitution may be the highest law in the Union, but it was never intended by the Federalists to be the highest definition of Americaness.     

Finally, all Entries that pertain to Accounting will receive the necessary revisions in response to the conclusions outlined in Work-Standard Accounting Practices. That Treatise essentially standardized the how the Work-Standard functions from a purely financial perspective, causing the Entries of Section Eight (“Economic Metrics and Formulas of the Work-Standard”) to require much-needed revisions. With the methodology having been perfected into something tangible, it became necessary to redesign Section Eight.  

Categories: Compendium

Tags: Alexander Hamilton, ARPLAN, Digital Realm, Economics, Federalist Party, Finance, Hamiltonianism, Philosophy, Politics, Psychology, Socialist Finance, Third Place, United States, Work-Standard, Work-Standard Accounting Practices