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
Everything related to the articulation of the Work-Standard
Compendium: How The Economy Creates Arbeit
Economies, given the current state of technology, are capable of having a total of five Economic Sectors. Those are the “Natural,” “Industrial,” “Services,” “Information,” and “Administrative” Sectors. All four are compatible with the Work-Standard and where they differ is their… Read More ›
Compendium: Democracy and the Council State (Pt. I of III)
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
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
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
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
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
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 ›
Update (31 May 2021)
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
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 ›
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