Crypto-political economy (CH 2) by econaut6

Transcending Hayek and his digital disciples. Akseli and Dick discussing the ECSA economic white paper CH 2, at Supermarkt, in Berlin 23.9.2019.

Economy as a network. Capitalism as a narrow definition of a network. Hayek and his digital disciples. Radical Markets. Price, market and the rule of profit as a protocol. How to challenge a protocol? Economy as a design field. Markets that pursue other goals than individual profit. Randy Martin and the social logic of the derivative. A new economic grammar. What is at the core of the ECSA project. Beat by Alvar.

Table of Contents

PROTOCOLS FOR A DISTRIBUTED CRYPTO-ECONOMY
The crypto-political economy of the Economic Space Agency

1 Introduction
1.1 The economy is a network
1.2 Outline of the economic white paper
1.3 Design principles of the ECSA economy

2 Crypto-Political Economy
2.1 The ECSA agenda
2.2 An economic primer
2.3 The Hayekian turn: knowledge, price and spontaneous order
2.4 Transcending Hayek and his digital disciples: the market, prices and profits as protocols
2.5 Do ‘big data’ change the story?
2.6 A derivative framing of Hayek

3 Distributed Markets in the New Economic Space
3.1 Market is a “space of exchange”
3.2 Sociality as a design field
3.3 Mutual issuance of ‘rights’
3.4 Tokens and money
3.5 Mutual issuance of tokens
3.6 Mutual issuance of ‘equity’
3.7 Tokens and network derivatives
3.8 Knowledge, economic agents, economic spaces
3.9 Trust
3.10 Significance

4 Performance Indices in the new economic space
4.1 The task
4.2 Valuing care, valuing art, valuing intangibles, valuing biosphere
4.3 Performance indices put at par: a derivative logic of the social
4.4 ECSA as a data union, not a data market
4.5 The ECSA surplus

5 Money in a Distributed Cryptoeconomy
5.1 Money without state backing
5.2 The functions of money
5.2.1 Medium of exchange and distributed exchange protocols
5.2.2 Store of value
5.2.3 Unit of account
5.3 The role of credit

6 ECSA’s Tokens and ‘Fundamental Value’
6.1 Background
6.2 MV=PQ: Real Exchange Economy
6.3 MV=PQ: Monetary Economy

7 ECSA’s Token System
7.1 Distributed exchange protocols and tokens
7.2 Base tokens
7.3 Individual economic agent commodity tokens
7.4 Individual economic agent liquidity tokens
7.5 Individual economic agent stake tokens

8 Issues of Governance
8.1 Governance of stake tokens
8.2 ECSA tokens and ECSA securities: the roles of ECSA Finance and ECSA Agent
8.3 New issuance of ECSA Security Tokens

9 The Big Put