It is always a challenge to figure out how best to explore the deeper meanings and the significance of Ernst Jünger’s 1932 book, Der Arbeiter: Herrschaft und Gestalt (The Worker: Dominion and Form). Der Arbeiter was one of Jünger’s least… Read More ›
Economic History
All Economics-related Posts
Compendium: Kapital and its Subversion of Culture
Kapital is capable of distorting perceptions, value-judgments and decision-making processes. Its effects have been studied by psychologists, sociologists, political scientists, military-industrial and labor relations scholars, anthropologists, and other non-economic and non-financial fields. All of them can be influenced by the… Read More ›
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 ›
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 ›
Compendium: Japan’s Lost Decades and the Rise of Zombie Firms and Zombie Banks
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 ›
Compendium: ‘Death-by-Overwork’, the Work-Standard’s Version of Hyperinflation
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 ›
Compendium: The Internet, the Y2K Bug, and the Work-Standard’s Mechanization Rate
Information technologies grew up alongside nuclear technologies in the wake of the Second World War. The most obvious example of their pervasive importance is of course the World Wide Web (WWW). The WWW is the digital medium that everyone uses… Read More ›
Compendium: A Critique of Labour Vouchers and Time-Based Currencies
The Work-Standard was never designed to be operating according to the paradigms of Labour Vouchers and Time-Based Currencies. Both pseudo-currencies were developed as products of Utopian Socialist endeavors by people like Robert Owen and Josiah Warren at the height of… Read More ›
Compendium: Hamiltonianism and the Form and Actuality of “Federal Socialism”
In my Readings of Prussianism and Socialism, I have insisted that Oswald Spengler’s arguments therein to be considered relevant in an American context. My justification for this pertains to the idea that Alexander Hamilton and the pro-Hamiltonian faction within the… Read More ›
Compendium: CMEA’s Fixed Exchange Rates and its Hard Currency Shops
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 ›
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