Regarding Keith's idea: Quote:
"the mechanistic aspect will not be sufficiently analysable or understood until we have a currency system that has constant purchasing-parity across all countries. This can be either one world-wide currency of known and constant value (that is, a dependable human unit and also a truly scientific unit of measurement) or the frictionless exchange of individual currencies (that is, national currencies not being interfered with by politicians or central banks" Thomas: Let me throw an idea in the pot and see how it cooks. From memory, I seem to recall the the length of metre was determined as a fraction of the circumference of the Earth at the Equator rather than using someones hand or foot. The idea being that if there was ever questions about the length of the metre someone was using we could go to some source that is almost immutable and re-determine what the exact length of a metre should be. Now what if the value of currency was determined in a similar manner. We obviously can't use something physical like gold ( as it is an uncontrolable variable due to new discoveries) and while I was reflecting on this, these thoughts occured. Given that the world was open to a set of standards used by everyone in determining two things. One, a nations population. Two an economic unit similar but better designed than the gross national product. And that if the population was divided into the GDP a number representing a ratio would be forthcoming. If some fraction of that number was used to determine the basic economic unit of each nation, then a value could be established for every currency. As these would be big numbers, change would probably not be rapid, establishing each individual currency's value for a reasonable length of time. My question to the more mathmatically endowed members of the list is: (a) Is it possible? (b) Would it be a relevant way to establish value that is relevant to trade? Respectfully, Thomas Lunde on 2/3/02 11:59 PM, Charles Brass at [EMAIL PROTECTED] wrote: > Keith > > You commented in part in this post that no-one has yet countered your > argument that > > "the mechanistic aspect will not be sufficiently analysable or understood > until we have a currency system that has constant purchasing-parity across > all countries. This can > be either one world-wide currency of known and constant value (that is, a > dependable human unit and also a truly scientific unit of measurement) or > the frictionless exchange of individual currencies (that is, national > currencies not being interfered with by politicians or central banks" > > I have not replied before to the rest of this thread, but I would like to > comment on this particular point. While it may be true that such a currency > is needed, it is inconceiveable that such a currency could exist in > isolation. The true value in the world simply cannot be captured in any one > currency. A system of parallel currencies, perhaps with a "frictionless" > one at the top - such as proposed in various places by Bernard Lietaer is > conceivable, but only if we can develop the necessary community currencies > to make it really work. > > regards > > > Charles Brass > Chairman > Future of Work Foundation > phone:61 3 9459 0244 > fax: 61 3 9459 0344 > PO Box 122 > Fairfield 3078 > www.fowf.com.au > > the mission of the Future of Work Foundation is: > "to engage all Australians in creating a better future for work" > >
