-Money- for a non-monetary economy

book text 311217

Given that the general purpose of any economy is to distribute goods or services, and to allocate work or, more generally speaking, activities, the era of money may soon come to an end. In a not so far future, the essential economic functions will be performed with the help of algorithms.
Money takes a look at the core functions and issues of an algorithmic non-money economy. The book traces some of its operational requirements and maps effects to be expected.
The core algorithm of a non-money economy will perform a matching function. It’s purpose is to manage relations and mediate transactions.
Human as much as non-human agents will act in their own rights. In most cases, property is no longer needed, access suffices. Value will not be measured by a general equivalent or a substitute currency. Instead, matchings may be arranged on the basis of a history of transactions and a distribution of network relations.
The idea of work may no longer be seen as an appropriate concept, at least not in the form it was conceived of according to 19th century modes of industrial production. It needs to be replaced by a more general look at activities in their network relation to the needs and likes of others.
Avoiding money’s inefficiencies and unequal distributions, non-monetary economies can deliver better and most importantly fairer results.

2 Kommentare to “-Money- for a non-monetary economy”

  1. Christian Jacobsson, 11.1.18

    Can I buy an English version of this book somewhere?

  2. sh, 15.1.18

    yes. We are working on the translation, and it will be hopefully out mid March. Publishing house tba.