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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]

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The sense that I was using it there was 'doing national accounts using labour not money'
or 'doing national accounts using electricity not money'.
The reference I mean was 
Labour time versus alternative value bases: a research note
Cockshott,W.P. Cottrell,A. 
Appeared in: Cambridge Journal of Economics (Volume 21) 
Publication Type: Journal
Page Numbers : 545-549
Publisher: N/A 
Year: 1997
If you are at an academic institution you should be able to download it from the publishers web site.

But more generally the proposal to use labour as the basis for measuring the value of goods and services is old, going back to the proposals of John Gray and Robert Owen in the 19th century. I have advocated it as a system for the modern world in : Towards a New Socialism
available online from
Paul Cockshott
Dept of Computing Science
University of Glasgow


From: owner-list-en on behalf of Patrick Anderson
Sent: Mon 12/29/2008 8:10 PM
To: list-en
Subject: 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.

Contact: projekt

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Contact: projekt

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