Economy: Difference between revisions
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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> | |||
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==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). 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]] | There are different types of economies including the [[Official Economy]], [[Informal Economy]] and the [[Black Market]] | ||
==Further Reading== | ==Further Reading== | ||
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Revision as of 16:53, 25 March 2019
- The System
- Regime of Accumulation
- Regime of Distribution
- Consequences
- System Agents
- Economy
- Social Class
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). 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
Citation and Legal
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Footnotes
- ↑ Sosteric, Mike. Rocket Scientists’ Guide to Money and the Economy: Accumulation and Debt. St Albert, Alberta: Lightning Path Press. 2016.