New metrics, evaluation and accounting methods appropriate for a collaborative, peer to peer economy.

• For the most advanced p2p Value Accounting System, see Sensorica's Open Value Network

Watch this video for an introduction: Tiberius Brastaviceanu on the Scalable Peer Economics of the Sensorica Open Value Accounting Network

• Video: Christian Felber on the Common Welfare Economy; a metrics system to measure the common welfare contribution of very market entity.

Citations

Tiberius Brastaviceanu on Open Value Accounting System‎s

"We need to make the distinction between co-creation of value and value exchange. These are two important processes but very distinct ones. Sensoricans are working hard to solve the value accounting problem, which is meant to support large scale co-creation of value. The value accounting is a way to capture individual contributions that blend into a unique product, to evaluate these contributions, and to compute equity in the end product, a % for every member.

NOTE the value accounting system is NOT a system that objectifies value and it is not a bean counting system! It is a contract, a method to which all contributors adhere to reassure every contributor about how the future revenue will be redistributed. That's it! It preserves the subjective nature of value, it can take, in theory, into consideration all types of value, tangible and intangible.

Once the product is made it is exchanged, and this is where you need currencies, or systems of value exchange.

Again, value accounting for co-creation of value and value exchange are two different things in my mind. These two systems must interact with each other, but we need to see them as separate. One is designed to manage the amalgamation of value from different agents into one product, the other one is designed to facilitate value exchange between different agents, with no value added in the process."

Key Articles

• Michael Gurstein: On the Failure to Measure the Contributions of the Internet Economy

• A New Way of Measuring Openness: The Open Governance Index. Liz Laffan. TIM Review, January 2012 [1]. A way to measure the degree of real Peer Governance of any project (particularly for Open Source Software companies).

• Introduction to the Eight Forms of Capital‎

• Open Source Ratings Are Needed To Break the Ratings Agency Oligopoly

Shared Value, Blended Value Conceptions

• Michael E. Porter and Mark R. Kramer. Creating Shared Value. Harvard Business Review, 2011 [2]: “creating economic value in a way that also creates value for society by addressing its needs and challenges

Key Books

• The Ethical Economy. Rebuilding Value After the Crisis. By Adam Arvidsson and Nicolai Peitersen. Columbia University Press, 2013

Historical Context

• James Aho's The Religious, Moral and Rhetorical Roots of Modern Accounting [3]

• Rob Bryer's Accounting and Control of the Labour Process [4]