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The ''Economy'' is the sum total of all exchange of [[Labour]] within a given sphere of reference (ref. [[rsgmoney]]). According to Michael Sharp "economies emerge out of human interaction and are designed to fulfill human needs" (Sharp, 2009).
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The ''Economy'' is the sum total of all [[Labour Exchange]]<Ref>Sosteric, Mike. Rocket Scientists’ Guide to Money and the Economy: Accumulation and Debt. Lightning Path Press. 2026.</ref>
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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.
==Concept Map==


There are different types of economies including the [[Official Economy]], [[Informal Economy]] and the [[Black Market]]
[[World System]] >  {{#ask:[[Is a key term::World System]]|format=ul}}
 
[[Institutional Structures]] > {{#ask:[[Is a key term::Institutional Structure]]|format=ul}}
 
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[[Economic Structures]] > {{#ask:[[Is a key term::Economic Structures]]|format=ul}}
 
===Syncretic Terms===


==See Also==
[[Economy]] > {{#ask:[[Is a syncretic term::Economy]]|format=ul}}


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===Related LP Terms===


==Further Reading==
[[Economy]] > {{#ask:[[Is a related LP term::Economy]]}}


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===Non-LP Related Terms===


[[Economy]] > {{#ask:[[Is a related term::Economy]]}}


==Notes==
Labour may be exchanged in multiple ways. Labour may be exchanged through [[barter]] or through the exchange of [[money]] (i.e. abstracted labour).


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The modern [[Capitalism|Capitalist]] [[Regime of Accumulation]] is founded on the formal and highly manipulated exchange of [[money]]. An economy founded primarily on the exchange of money can be said to be monetized.


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




[[category:economy]]
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[[category:RSGME]]
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[[Is a key term::Economic Structures| ]]

Latest revision as of 18:50, 13 May 2026

Economy

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

Concept Map

World System >

Institutional Structures >

Economic Structures >

Syncretic Terms

Economy >

Related LP Terms

Economy >

Non-LP Related Terms

Economy >

Notes

Labour may be exchanged in multiple ways. Labour may be exchanged through barter or through the exchange of money (i.e. abstracted labour).

The modern Capitalist Regime of Accumulation is founded on the formal and highly manipulated exchange of money. 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


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Footnotes

  1. Sosteric, Mike. Rocket Scientists’ Guide to Money and the Economy: Accumulation and Debt. Lightning Path Press. 2026.