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Commodity value measurement and connotative value currency

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  • Cheng, jinjun

Abstract

Goods of utility, in the final analysis, contain two parts of natural value and labor value:the natural value is created by god and given to us for free, the labor value is the human labor which is condensed in the commodity without any difference, and the commodity value is reflected by the labor value.The essence of human labor is the process of consuming the energy and life time of the body and doing physical work to the object of labor.The value of labor, W, is the square root of the product of the energy consumed by the worker, E, and the time spent on labor, T(W= ).To design a new currency that conforms to the principles of freedom and fairness -- the Talent(symbol: ), whose value corresponds to its value：1 =1JS , J is joules, S is seconds, perform all functions of currency.

Suggested Citation

  • Cheng, jinjun, 2020. "Commodity value measurement and connotative value currency," OSF Preprints f45qe, Center for Open Science.
    • Handle: RePEc:osf:osfxxx:f45qe
    DOI: 10.31219/osf.io/f45qe
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