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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. St Albert, Alberta: Lightning Path Press. 2016.</ref>
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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==Concept Map==
[[World System]] >  {{#ask:[[Is a key term::World System]]|format=ul}}
[[Institutional Structures]] > {{#ask:[[Is a key term::Institutional Structure]]|format=ul}}
{{#ask:[[Is a component of::Institutional Structure]]|format=ul|sort=Has sort IS}}
[[Economic Structures]] > {{#ask:[[Is a key term::Economic Structures]]|format=ul}}
===Syncretic Terms===
[[Economy]] > {{#ask:[[Is a syncretic term::Economy]]|format=ul}}
===Related LP Terms===
[[Economy]] > {{#ask:[[Is a related LP term::Economy]]}}
===Non-LP Related Terms===
[[Economy]] > {{#ask:[[Is a related term::Economy]]}}


==Notes==
==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.
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 [[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.


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


==Further Reading==
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[[category:terms]]
[[category:economy]]
[[category:RSGME]]
[[category:lightningpath]]
[[category:lightningpath]]
[[category:terms]]
[[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.