Author Archives

• Compendium: Democracy and the Council State (Pt. I of III)

  By Duty and Honor on June 2, 2021 • ( 0 )

  Economic participation and political participation are closely intertwined with each other. It has been established in earlier entries of the SMP Compendium that the State should be proactive in the nation-state’s economic and financial sectors. The goal has always been… Read More ›

• Compendium: Work-Intensity, Work-Productivity, and Force Multiplication

  By Duty and Honor on June 1, 2021 • ( 0 )

  The rate at which any given profession or economic sector is capable of generating Arbeit is governed by three specific factors. Those are the Work-Intensity (WI), the Work-Productivity (WP) and the Force Multipliers (FM). As with the balance between Arbeit… Read More ›

• Compendium: Zeit

  By Duty and Honor on June 1, 2021 • ( 0 )

  The etymology behind the usage of the term Zeit in the SMP Compendium originates from the German word for “Time.” Zeit refers to the tertiary unit of measurement in gauging the economic and financial activities of the nation-state. It is… Read More ›

• Compendium: Arbeit and Geld

  By Duty and Honor on June 1, 2021 • ( 0 )

  The SMP Compendium generally envisages a practical application of the Work-Standard as the conversion of Arbeit into Geld and Geld into Arbeit. The terms ‘Arbeit’ and ‘Geld’ are derived from the German words for “Work” and “Money” respectively. The usage… Read More ›

• Compendium: Schuld

  By Duty and Honor on June 1, 2021 • ( 0 )

  In the SMP Compendium, Schuld is a German word that has two etymological meanings, a legal one and a financial one. The financial meaning is commonly used to refer to “Debt,” which is the amount that an indebted borrower owes… Read More ›

• Compendium: Financial Regime

  By Duty and Honor on June 1, 2021 • ( 0 )

  The term ‘Financial Regime’ is used throughout the SMP Compendium to refer to the political forces in command of a nation-state’s monetary policies. A lot of confusion about how monetary policies are conducted and realized within conventional economics can be… Read More ›

• Short Note on SMP Compendium

  By Duty and Honor on May 31, 2021 • ( 0 )

  I am proud to report that the reorganization of the SMP Compendium Page on The Fourth Estate is completed. Everything has been arranged to look more like an actual Table of Contents than a long string of seemingly unrelated individual… Read More ›

• Compendium: Japan’s Lost Decades and the Rise of Zombie Firms and Zombie Banks

  By Duty and Honor on May 31, 2021 • ( 1 )

  The “Lost Decade” refers to an economic and financial crisis that affected Japan, the effects of which continue to linger since the 1990s. The Japanese economy was devastated by the bursting of the asset-price bubble that came as the consequence… Read More ›

• Update (31 May 2021)

  By Duty and Honor on May 31, 2021 • ( 0 )

  There is already enough entries in the SMP Compendium to warrant the need to reorganize it. So far, every entry that I have completed was arranged in chronological order, rather than in specific categories for simpler navigation. The limitations of… Read More ›

• Compendium: ‘Death-by-Overwork’, the Work-Standard’s Version of Hyperinflation

  By Duty and Honor on May 30, 2021 • ( 0 )

  Various historical events have been cited by historians and economists alike as providing definitive examples of Hyperinflation. Weimar Germany, Mugabe’s Zimbabwe, and Venezuela have been cited as contemporary examples in the past century alone. These examples are well-known cases where… Read More ›