by Summary:
In any society, of whatever configuration, production at a given point in time is limited by certain ‘real’ (meaning non-monetary) factors. Notably, a society’s productive activity will always be limited by access to natural resources, the current state of its technology, and the skill, strength, size and imagination of its people. These and similar factors determine the absolute productive potential of a society. At a given point in time, these factors would apply even if, hypothetically, a society happened to be organized in a completely different way to its current form of existence.But this refers only to the upper limit – the potential – of social production and reproduction, taken at a particular point in time and viewed in ahistorical and static terms. Under a particular societal
Topics:
Mike Norman considers the following as important: social economy
This could be interesting, too:
In any society, of whatever configuration, production at a given point in time is limited by certain ‘real’ (meaning non-monetary) factors. Notably, a society’s productive activity will always be limited by access to natural resources, the current state of its technology, and the skill, strength, size and imagination of its people. These and similar factors determine the absolute productive potential of a society. At a given point in time, these factors would apply even if, hypothetically, a society happened to be organized in a completely different way to its current form of existence.But this refers only to the upper limit – the potential – of social production and reproduction, taken at a particular point in time and viewed in ahistorical and static terms. Under a particular societal
Topics:
Mike Norman considers the following as important: social economy
This could be interesting, too:
In any society, of whatever configuration, production at a given point in time is limited by certain ‘real’ (meaning non-monetary) factors. Notably, a society’s productive activity will always be limited by access to natural resources, the current state of its technology, and the skill, strength, size and imagination of its people. These and similar factors determine the absolute productive potential of a society. At a given point in time, these factors would apply even if, hypothetically, a society happened to be organized in a completely different way to its current form of existence.heteconomist
But this refers only to the upper limit – the potential – of social production and reproduction, taken at a particular point in time and viewed in ahistorical and static terms. Under a particular societal form, production can easily run into barriers located well inside its real limits. This is certainly true of capitalism, a system in which nothing gets produced for exchange without an expectation of a monetary demand for the final product. The production may well be possible, and its product desired by a section of the community, but unless that desire is backed by both willingness and capacity to pay, the production will not take place....
The Social Economy and the Potential Inherent in Currency Sovereignty
Peter Cooper