View source for Algorithmically Adaptive Standard Unit Value Based on Empirical Data Reflecting the Primary Productive Capacity


'''= current updates on [[Commodity-Anchored Currencies]]  such as the ancient Chinese 'ever-normal granary'in Confucian economics'''

URL = https://xalgorithms.org


=Discussion=

Via Joseph Potvin:

* the ancient Chinese 'ever-normal granary', i.e. commodity-anchored currency:

In: The economic principles of Confucius and his school [Doctoral dissertation, Harvard]. https://archive.org/details/economicprincipl00huan/page/n3

For updates on this kind of approach, see the work of Joseph Potvin at the Xalgorithms Foundation
https://xalgorithms.org

Joseph explains:

"in the article I'm writing presently, I contrast what I refer to as 

* the ancient & pre-modern 3-function cowrie currency archetype (decentralized market-negotiated or central policy-managed [e.g. Taylor Rule] unit value based on scarcity), 

* versus the ancient 4-function barley:silver currency archetype (algorithmically adaptive standard unit value based on empirical data reflecting the primary productive capacity in the currency zone). The 3-function archetype ignores stability, favoring 'financial athletes' (speculators) over supply chain realists."

[[Category:Mutual Coordination]]

[[Category:Neotraditional]]

[[Category:Commons Economics]]

[[Category:Money]]