Leo Guinan

@leoguinan

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However, if we truly aim at discussing the economy at a level where we can start to grasp it in its broadest sense we need to add the “invisible” economy, or what is more often called the non-monetary economy. This is a system of economies typically embedded in a monetary economy yet it undertakes tasks that benefit society by means that the... See more

Jenny Grettve • economicspaces

Engineering Generosity and Economics of Human Energy

Money is a captured subset of human value created. For people with plenty, it’s the default, because it’s easy to use. But for people without, that value is captured in ways like status, privileges, perks, etc.

scarce systems do what is most likely to succeed right now, because tomorrow isn’t guaranteed. Abundant systems assume that tomorrow will be there, so it’s ok to focus on longer term goals.

Introduction to Abundant Systems

Engineering Generosity and Abundant Systems

System timelines - short-term scarcity vs long-term abundance

The principle here is reciprocity, but notice that it is not simultaneous. Unlike the notion of barter, time is allowed to elapse before one deed is repaid by another. Trust is required to bridge that gap. Unlike barter, the exchange is not mechanistic in that it does not place a concrete value on one deed versus another. Rather it is inherently... See more