Telematic currency and market strategy (mtemuk.pdf). - Centre d ...

A. Money systems until now.
Chapter 1. Limiting the matter being studied.
1. Goals and method of this chapter.
2. Historical context.
3. Geo-political context.
4. Conclusions.
1. Goals and method of this chapter.
The critical consideration on the money systems is the core of this essay. But before starting we want to use
this chapter to situate the money systems within the global context where they will be studied and to fix
exactly their limits.
This job will help also to give the definitions of the main technical wording which will be used in this essay.
The more specialized terms will be defined every time it becomes necessary.
2. Historical context.
Money systems appear under given historical conditions which we should remember. Therefore, they must be
considered as the results of a lasting evolution, or better still, of a utilitarian evolution of mankind. All living
beings, among them man, need a number of commodities in order to develop and better work out their
existential process. These commodities will be indicated as utilitarian commodities, so as to show that they
are useful to satisfy the material needs of human beings. As a definition, all utilitarian commodities have a
market value which is subjective, that is depending from the subject who is their user.
The word utilitarianism will indicate any production and distribution system of utilitarian commodities
within every community under consideration.
In historic times, several sorts of utilitarianism have followed each other in mankind, which we will describe
shortly.
• 1. Pre-exchange utilitarianism: it is the most primitive utilitarian system, and is determined by the fact
that the production of utilitarian goods by the human group under consideration is fully distributed
within the group itself, without any exchange, only a redistribution. The producer subject -who
usually is not one individual, but rather all the community- is the end-user of the goods.
• 2. Exchange utilitarianism: from a given point of historical development, human communities
exchange the utilitarian goods produced, both within themselves and with other communities.
Therefore the goods obtain a new value: the exchange value, which is subjective twice, because it
depends from the subjective evaluation of the two exchange agents. As a synonym of «exchange
utilitarianism» we will use the word market, and as a synonym of «exchange utilitarian goods» we will
currently say «goods» or «merchandise».
o 2.1. Pre-currency exchange utilitarianism or non-money market:in the first place, exchange of
goods is effected intuitively, according to the needs of the exchange agents, but without any
reference to any objective model of the exchange value, that is without any reference to any
sort of money units.
o 2.2. Money exchange utilitarianism or money market: starting from a given historical
moment -which probably we can locate at the beginning of what is called «neolithic
transformation»- exchange of goods is effected according to some regulating conventions or
standards of the exchange value of the goods, which we will call money units. The reference
to a value standard finally transforms exchange into an objective act.
The conclusions to this might therefore be the following:
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