All Currencies will gain or lose Value over a period of Zeit (Time). Any increase in the Value is called “Appreciation” whereas any decrease in the Value is “Depreciation.” How the Value changes is dependent on the Currency being Kapital or Geld. For… Read More ›
Month: July 2023
SMP Compendium: Theories of Money (Pt. II of II)
What shall be the Work-Standard’s Theory of Money to complement RTV? The whole premise of RTV rests squarely on the LER Process, particularly the notion of committing Life-Energy into Vocations to create Actual Arbeit and contribute them to the Life-Energy… Read More ›
SMP 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. If the Theories of Value concerned how something supports the Value of any given Currency, then the Theories… Read More ›
SMP Compendium: Theories of Value (Pt. II of II)
It was established that the Theory of Value employed by the Work-Standard operates on its own paradigm. Practical applications of the Work-Standard do not rely on either the Labor Theory of Value (LTV), the Subjective and Utility Theories of Value… Read More ›
SMP Compendium: Theories of Value (Pt. I of II)
Is the Value of a good or service determined by the value-judgments and attitudes of the beholder? Or is the Value not informed by anyone in particular and can be measured objectively? Assuming if the Value can be judged intrinsically,… Read More ›
SMP Compendium: The Four Functions and Six Attributes of Currencies
Every Currency, including the Work-Standard’s Sociable Currency, must be capable of exhibiting four consistent Functions. Without those key defining characteristics, they are unworthy of being practical in the everyday affairs of any country. These Functions are: Those four Functions affect… Read More ›
Update (27 July 2023)
The next round of Entries from the Third Edition of The Work-Standard is coming up in thirty after this Update post goes live. These Entries are from Section Two, where I spent much of my efforts trying to conceptualize the… Read More ›
SMP Compendium: Why Vocations need Geld to contribute Arbeit
Vocations, when attached to Professions and Enterprise, need Actual Geld to continue the LER Process and contribute more Actual Arbeit to the Life-Energy Reserve. While its parent Enterprise can provide that Actual Geld for them, which can be obtained from… Read More ›
SMP Compendium: How the State implements and enforces the Paygrade Scale
The Paygrade Scale of the Vocational Civil Service Economy is influenced by overall economic conditions. A Paygrade is affected by the Attrition Rate and the Total Economic Potential as the two primary metrics. Both will affect how much Geld each… Read More ›
SMP Compendium: Why Vocations are the only Acceptable Source of Arbeit
All Arbeit contributed to the Life-Energy Reserve must originate from one of two sources: either Vocations synchronized with the VCS Economy or from Real Trade Agreements. Any Arbeit that does not come from either or both will never be registered… Read More ›
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