Author Archives

• Compendium: Types of Economic Organization

  By Duty and Honor on May 24, 2021 • ( 1 )

  The Work-Standard is intended to operate under a Planned or Command Economy. For best results, the Planned or Command Economy in question is to operate according to the Vocational Civil Service (VCS) model of economic governance. The VCS model has… Read More ›

• Compendium: Financial Markets and the Quest for their Work-Standard Alternative (Pt. II of II)

  By Duty and Honor on May 23, 2021 • ( 0 )

  After conducting preliminary evaluations and drafting the organizational structure within the legislative framework of a Socialist nation-state, conclusions have finally been made regarding the viability of the Work-Standard presenting alternatives to Financial Markets. This entry is a continuation of its… Read More ›

• Compendium: Economic Growth/Contraction: GDP Rate

  By Duty and Honor on May 23, 2021 • ( 0 )

  The following entry for the Compendium is one of various different examples where mathematics will be employed to arrive at conclusions. Nothing too difficult insofar as every calculation relies on a basic understanding of simple arithmetic. This applies for both… Read More ›

• Compendium: The Four Functions and Six Attributes of all Currencies

  By Duty and Honor on May 21, 2021 • ( 0 )

  Every Currency, including the Work-Standard, must be able to exhibit four consistent characteristics. Without those key defining characteristics, they are unworthy of being practical in the everyday affairs of any nation-state. These characteristics are: Medium of Exchange: A Currency is… Read More ›

• Compendium: CMEA’s Fixed Exchange Rates and its Hard Currency Shops

  By Duty and Honor on May 20, 2021 • ( 1 )

  There are no doubts 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 ›

• Financial Markets and the Quest for their Work-Standard Alternative (Pt. I of II)

  By Duty and Honor on May 20, 2021 • ( 0 )

  Financial Markets are one of several defining traits of life under Liberal Capitalism. They are financial institutions designed specifically to facilitate transactions pertaining to the purchase and sale of Kapital. This form of Kapital refers the assets of Securities such… Read More ›

• Oswald Spengler’s Prussianism and Socialism (Part IV of IV)

  By Duty and Honor on May 19, 2021 • ( 0 )

  The Spenglerian association of Prussia with Socialism, as paradoxical as it may seem to most people, does have an historical basis. The history surrounding this association is unfortunately too obscure, even though a Prussian origin can be discerned in the… Read More ›

• Compendium: Primer on Taxation, Welfare, Insurance, and Vocations

  By Duty and Honor on May 19, 2021 • ( 0 )

  The economic model advocated by the Work-Standard is one characterized as a “Vocational Civil Service Economy.” Economic activities registered as Arbeit (Work) under the Planned or Command Economy of the Socialist nation-state must always come from citizens employed in “Vocations.”… Read More ›

• Compendium: Exchange Rates and the Impossible Trinity

  By Duty and Honor on May 18, 2021 • ( 1 )

  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… Read More ›

• Update (18 May 2021)

  By Duty and Honor on May 18, 2021 • ( 0 )

  Judging from the positive reception on my blog since the past three weeks, it appears that there is an audience interested in the Work-Standard. The interest is focused more so on the economic and financial characteristics associated with the Work-Standard… Read More ›