Bogumil, Oh, you were not aware about the information I mentioned in my previous comment? Those were some interesting tidbits that I found, and there were a couple more worthy of mention that predated the Molotov-Ribbentrop Pact by several years…. Read More ›
It can be argued that The Work-Standard is in many respects an attempt at realizing what Johann Gottlieb Fichte described as the “Geldoperation” (Money Operation) within his philosophical book on Economic Planning, The Closed Commercial State. This book from the… Read More ›
As part of my attempts to reorient the focus of The Fourth Estate, I felt it is now time to spread news about some video games that I have been playing for years. For those who do not know, the… Read More ›
In the first half of this SMP Compendium entry, it was established that the Currencies pegged to the Work-Standard have the Price of Geld affected by the Value of Arbeit. If the Financial Regime of a Socialist nation-state has its… Read More ›
There may be moments where the Price of a Currency pegged to the Work-Standard may be underpriced or overpriced. Put another way, their Price may not reflect the true Value of Arbeit. A similar problem may occur where the Quality… Read More ›
Soviet-Type Economic Planning (STEP) relies on its own methodology of calculating economic growth/contraction and the overall productivity of nation-states under Marxism-Leninism. Included in this methodology is a distinct accounting system and formulas. The accounting system is known as the “Material… Read More ›
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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