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Re: [ox-en] Re: The Future of Un-Money // was "Re: There IS such a thing as peer money"[MESSAGE NOT SCANNED]

Paul Cockshott wrote:

I am familiar with the idea of energy accounting, and have tried it myself on the UK I/O table.
It empirically describes the actual structure much less well than labour accounting does



I searched for the meaning of "labor accounting", but still don't understand.

Could you tell me the specifics of how such a money would 'account' for labor?

1.) Does that mean the new money would be "issued against" or "backed
by" some person's labor?  If so, does that issuance occur for *past*
work, or for *future* work?

2.) Is "labor accounting" based on the amount of time, effort, or
relative difficulty of that work - or is it based on the end result
without regard to the amount of labor required?  This is important
because we will incent workers to lower their efficiency and
effectiveness if we care about the work required instead of on the
end-result achieved.  When based on the end-result, workers will try
to automate the problem away instead of 'milking' the job to cover the
hours indicated on the note.

Thanks,
Patrick
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Thread: oxenT05107 Message: 29/46 L18 [In index]
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