Alexander Hamilton has given Socialism its political philosophy on the conduct of international trade. “Protectionism” and “Import Substitution Industrialization (ISI)” are the means of achieving Autarky. Autarky, it should be prefaced, is not an ideal but a strategic goal for… Read More ›
Every Currency has an Exchange Rate that determines its Value when compared against the Value of another Currency. This is best demonstrated by the Price of conversions between one Currency to another. If one wishes to know how much their Geld… Read More ›
The “Lost Decade” refers to an economic and financial crisis that affected Japan in the 1980s-1990s, the effects of which continues to linger as of late. The Japanese were devastated by the bursting of the asset-price bubble that came as… Read More ›
There is no doubt whatsoever that the demise of the Eastern Bloc countries and the Soviet Union by extension came as a direct result of the Death of Bretton Woods. While the Western Bloc and the United States opted for… Read More ›
Unlike regular national economics, the field of international economics covers a broader political dimension that spans the entire planet. It is normal for countries to trade with others to acquire whatever they need for their own economies. In international economics,… Read More ›
Alright, the second to last round of Entries from the Third Edition of The Work-Standard are going to be posted later today. I still need to do a last minute check for all of the Entries for Section Six before… Read More ›
Every conception of Currency relies on a “Command and Control” (C2) Mechanism. A C2 Mechanism is how we can issue orders to others that they need to carry out, providing resources and information to them as part of fulfilling those… Read More ›
Where there is any conception of Currency, there is a Command and Control (C2) Mechanism facilitating it. And where there is any C2 Mechanism, there is a Unity of Commands with a corresponding Unity of Efforts. Liberal Capitalism’s conception of… Read More ›
The term “Kapital” is used to denote all forms of Currency that originate from the economic and financial activities of Liberal Capitalism. The distinct properties and characteristics that go into the creation of Kapital are tied to the worldview that… Read More ›
Every conception of Currency operates on a Command and Control (C2) Mechanism designed to coordinate a Unity of Command and a Unity of Effort. The Liberal Capitalist conception of Currency is “Kapital” and the “Incentive” as its C2 Mechanism, designed… Read More ›
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