image missingTrue Value Metrics (TVM)
Meaningful Metrics for a Smart Society
image missing Navigation ... HOME
(0)
HOME
(1)
ISSUES
SYSTEMIC
DYSFUNCTION
(2)
IDEAS
THINKERS
POSSIBILITIES
(3)
BETTER
METRICS
TVA
(4)
PEOPLE
SOCIAL
CAPITAL
(5)
NATURAL
SYSTEMS
BIOSPHERE
(6)
CREATED
PHYSICAL
ECONOMY
(7)
CREATED
FINANCIAL
ECONOMY
(8)
CREATED
INTANGIBLE
ECONOMY
(9)
PLACE
COUNTRIES
COMMUNITIES
(10)
STREAMS
PRODUCTS
PROCESSES
(11)
ORGANIZATIONS
COMPANIES
INITIATIVES
(12)
ABOUT
BURGESS
ARCHIVE
Date: 2018-02-17 Page is: DBtxt001.php L0700-CC-UNITS-OF-ACCOUNT


UNITS OF ACCOUNT
THE BASIS OF MEASUREMENT FOR THE SOCIO-ENVIRO-ECONOMIC SYSTEM
MONEY WEALTH / MONETIZED VALUE
Money / Profit growth / GDP growth / Stock Prices / Cost push inflation / Wages chasing prices

CONVENTIONAL MONEY IS A MEASURE THE ECONOMIC PART OF THE SYSTEM

The MONEY we use for FINANCIAL TRANSACTIONS, WEALTH and CAPITAL
Everyone is familiar with money as a unit of account. Money serves two purposes:
(1) as a medium of exchange for the transaction; and
(2) as a store of value.
Money and double entry accounting is a very powerful system for accountability
When the population and the economy were relatively small, the impact on society and the environment could be ignored without much consequence.
But the 21st century is different. The population of the world is at record levels, and the degradation of the environment has become consequential, whether it is air pollution, water pollution, land fill, deforestation, ocean plastic or any number of other issues.
There is a need now for UNITS OF ACCOUNT that are relevent for ALL the impacts associated with economic transactions.
The money measure needs to be better understood. It is common to use a reference currency like the US dollar, but local currency also matters, and there may be funding currency as well. Besides the US$, other reference currencies might be the Euro, Japanese Yen or Chinese Yuan




The text being discussed is available at



CAVEAT. The information on this website may only be used for socio-economic performance analysis, personal information, education and limited low profit purposes
Copyright © 2005-2017 Peter Burgess. All rights reserved.