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 ›
Philosophy
Update (27 July 2023)
The next round of Entries from the Third Edition of The Work-Standard is coming up in thirty after this Update post goes live. These Entries are from Section Two, where I spent much of my efforts trying to conceptualize the… Read More ›
SMP Compendium: How the Central Bank sets the Exchange Rates under the Work-Standard
In a currency system like the Work-Standard, it becomes inevitable to envisage Sociable Currencies pegged to it as relying on “Fixed Exchange Rates.” After the Death of Bretton Woods, Neoliberalism abandoned Fixed Exchanged Rates in favor of “Floating Exchange Rates.”… Read More ›
SMP Compendium: How the State receives Revenue and allocates the Budget
The Vocational Civil Service (VCS) Economy does not rely on the conventional taxation and budgeting policies found in Liberal Capitalism. The Council State receives the Revenue for its Budget from its own activities and from the Totality. The Arbeit and… Read More ›
SMP Compendium: Why Vocations are the only Acceptable Source of Arbeit
All Arbeit contributed to the Life-Energy Reserve must originate from one of two sources: either Vocations synchronized with the VCS Economy or from Real Trade Agreements. Any Arbeit that does not come from either or both will never be registered… Read More ›
SMP Compendium: How the State implements and enforces the Paygrade Scale
The Paygrade Scale of the Vocational Civil Service Economy is influenced by overall economic conditions. A Paygrade is affected by the Attrition Rate and the Total Economic Potential as the two primary metrics. Both will affect how much Geld each… Read More ›
SMP Compendium: Why Vocations need Geld to contribute Arbeit
Vocations, when attached to Professions and Enterprise, need Actual Geld to continue the LER Process and contribute more Actual Arbeit to the Life-Energy Reserve. While its parent Enterprise can provide that Actual Geld for them, which can be obtained from… Read More ›
Update (26 July 2023)
Only one Entry has yet to be finished for the Third Edition of The Work-Standard. This Entry in question is the “Greater American Amendment,” one of several Entries that needed a rewrite since the completion of the Second Edition. My… Read More ›
SMP Compendium: Financial Markets and the Kontore
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 to the assets of Securities… Read More ›
SMP Compendium: Mission-Type Economic Planning
National-Socialized Financial Instruments (NSFIs) are designed to not only allow the Kontore to become proper alternatives to Financial Markets, they also overcome the well-known shortcomings of most conventional types of economic planning. Their goal is to realize the conceptualization of… Read More ›
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