Economy

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The Economy is the sum total of all Labour exchange[1]

Notes

Labour may be exchanged in multiple ways. Labour may be exchanged through barter or through the exchange of money (i.e. abstracted labour). Modern Capitalism is founded on the formal and highly manipulated exchange of money (Sharp, 2009). An economy founded primarily on the exchange of money can be said to be monetized.

There are different types of economies including the Official Economy, Informal Economy and the Black Market

Further Reading

Sosteric, Mike (RSGME). The Rocket Scientists' Guide to Money and the Economy. Lightning Path Press. More Info


Footnotes

  1. Sosteric, Mike. Rocket Scientists’ Guide to Money and the Economy: Accumulation and Debt. St Albert, Alberta: Lightning Path Press. 2016.
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