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 ›
Work-Standard
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: 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 ›
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 ›
Compendium: Impact of Work-Standard on Trade Policies
Unlike regular national economics, the field of international economics covers a broader political dimension that spans the entire planet. It is normal for nation-states to engage in international trade with others for whatever they need for their own economies. The… Read More ›
Compendium: Role of NSFIs within Work-Standard Economic Planning
National-Socialized Financial Instruments (NSFIs) are devised to not only to allow for a proper Socialist alternative to Financial Markets, but also overcome the well-known shortcomings of conventional types of economic planning. Their goal is to realize the conceptualization of an… Read More ›
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