DYNDY Reader AC-Adaptor 0.8

The crisis goes on, and so does DYNDY in its effort at proposing new effective landscapes for structurally counteracting the institutionalization of austerity. The goal is to set viable standards for beginning to live the future of money, in the present. During the past year, DYNDY has been critically active within Hacklabs, Social Centers and occupied theaters, alongside with international policy institutions like the United Nations, academic circles, the Complementary Currency... Read More

Towards Money as a Common: the Digital-Coin Rule for a Free Society

The issue around the nature of money is critical in present  economic times. We are in a situation whereby the incapacity to re-define how we deal with money could resolve in an a severe damage to society as we commonly refer to it: contrary to what happens with information systems, there are no backups with money systems. Since the Internet revolution – and also as parts of national communities – we are almost unconsciously as well as coercively using national currencies. “Of... Read More

Our Future, Our Money: the Design of Currency Systems

“The only way to learn is by doing. [The point is] to learn in order to realize goals that were previously considered as unimaginable”. Michael Hardt and Antonio Negri. Capitalism is ontologically (and almost economically) dead, thus we do not need the kind of transitory revolutions that characterized the relation of opposition between those who produce real value and those who simply invest capital for production to occur. Another transitory revolution would cause... Read More

How value and affect converge in the information economy

“Wealth Management Group” uses the Values Tool to identify the values profile of client portfolio holdings in order to measure alignments with the value profile of clients. [..] What is of great benefit here is that relationship managers do not need to depend purely on their own judgement to identify their clients values, but are assisted by a powerful technology. Sales Document from small internet startup addressing a large wealth management group.i   …hence exchange... Read More

Ecology of Money

People who say it cannot be done should not interrupt those who are doing it. - Jack Canfield and Mark Victor Hansen   An ‘ecology of money’ seeks the careful management of the conventional monetary system in a sustainable way both by mimicking natural ecosystems’ structure and by adding new currencies through tailor-made discursive and textual practices: new agreements formulated in natural language and new ways to deal with transactions’ management by means... Read More

Post-Modern Monetary Economics

A rhizome does not begin or end, it is always in the middle, among the things, inter-esse, intermezzo. The tree is an affiliation, a rhizome is an alliance, just alliance. The tree imposes the verb <<being>>, but the rhizome has as a texture the conjunction <<and… and… and…>>.   Gilles Deleuze and Felix Guattari – Mille Plateaux Mille Plateaux – Capitalism and Schizophrenie is a masterpiece of Post-Modern thought. It... Read More

The Relation between Money and Language

It is necessary for every monetary reformer to be aware of this parallelism: language is peculiar of a community which shares, or better, agrees upon the same linguistic habits as well as, according to Lietaer (2001), money as an agreement is, “valid only within a given community. Some currencies are operational only among a small group of friends (e. g. tokens used in card games), for certain time periods (e. g.    the cigarette medium of exchange among frontline soldiers... Read More

Freigeld: the relational ontology of money in practice

Freigeld: FreeMoney for reacting to the Great Depression According to Prof. Thomas Greco, during the years imediately after the Great Crash in 1929, “besides learning how to ‘make do, or do without’, people began to establish mutual support structures, like workers’ cooperatives, many of which would recycle and repair donated or broken items. People learned to share what they had, and to by-pass the market and financial systems” (Greco, 1994). One of the problems... Read More

What is that which you count? Money as a Relation of economic agreement

In comparison with orthodox monetary economics, there are pragmatist, semiotic, linguistic and social considerations that offer a broader and richer inter-disciplinary scope of analysis for a sound unfolding of money’s ontology, which in turn brings about a new working definition of money: from an object in the ninetieth century to a tool in the twentieth one, money is now ontologically thought of as a relational ens, namely the inter- subjective agreement in the adoption of... Read More

Knowing what you count: Money as a Tool

ONTOLOGY OF MONEY: KNOWING WHAT YOU COUNT -  Functionalized Nature of Money: philosophical assumptions of orthodox monetary economics In the first book of the Treatise, Keynes offers a systematic account of the origin and nature of money. The primary importance of Keynes’ contribution lies in this: he presented a hierarchical account of the functions of money, with the unit of account as the top and most prominent one. Keynes makes it thus clear that “the age of money... Read More

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