The Economic Space Agency has spent several years imagining a system for individuals and organisations to account for exchange, allocate risk and reward, and measure and store value without using or even referring to fiat money.
This hundred page book attempts to explain the system from first principles, using new and existing economic language and concepts.
On one reading I can't say I fully absorbed it, and there are many things I would have expressed differently, but I applaud the way that essential economic ideas have been blended with fresh thinking to comprise an accounting system that confers sovereignty on its users, even to allow them to determine what value itself means to them, and what kind of surplus to optimise for, rather than just using money.
Compared to the Credit Commons which regards exchange-value and credit as a single quality, ECSA has three different types of measurement - credit which is measured in a shared unit of account, a kind of equity, and a kind of commodity-token.
As an 'economic design' agency ECSA has clients and opportunities to try their new ideas, although the work of creating software to embody this big idea is slow.
This book is aimed at economists, and is quite hard work, and I look forward to seeing other attempts to explain this 'new economy' in slightly simpler terms and to different audiences.
NB The book wasn't quite finished when I read it (Autumn 2022), and many of the cross references are incorrect.
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