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Non Cooperative Games: design of fictitious republic money for exchange control, banking and taxation

Listed author(s):
  • Krishna Gopal Misra


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    'Reality of money' is curiously similar to uncertainty theory of (Heisenberg) quantum physics. To some (natural societies), legitimacy of exchange control is derived by associating it with certain physical significance of 'real' goods. Exchange control is thus decided by producers in commodity exchanges. Others (Republicans of Greek civilization) think, money can be only a symbolic or fictitious unit, and any physical significance attached to it will undermine sanctity (in respect to space and time) of money used as unit for measurement of the prices. Under these circumstances, exchange control is monopoly of republics and debt engine produces competition and enterprises in people. There are two worlds. Performance of markets (Republics vs. Natural Societies) is going to test which of the perspective and understanding are true and for how long. A republic is design of a game of Master and Slaves in creating forces of competition with fictitious (unreal or without physical significance) coupons. This is a human nature that people are excited so much about unreal things and they can always produce any amount of real / natural things or sacrifices to pay for unreal or unknowable. Gaming/ gambling unfortunately uses of this human weakness in making slaves compete among themselves. This article describes design of Republican (Greek civilization) monetary system as a NON CO-OPERATIVE GAMES and how the psychograph of ignorant souls is exploited by the state, and how the mess of economics is successfully able to create a form of criminal peace and prosperity. This article discusses the valuation of prices, unit price or measuring unit for prices, legitimacy of exchange control in markets, invention of commodity exchanges using 'real' money, invention of 'fictitious' money, banking, state monopoly of exchange control and mathematical legitimacy of interests and taxation.

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    Paper provided by EconWPA in its series General Economics and Teaching with number 0506006.

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    Length: 11 pages
    Date of creation: 12 Jun 2005
    Handle: RePEc:wpa:wuwpgt:0506006
    Note: Type of Document - pdf; pages: 11. liberatarians, free markets, ligitimacy of exchange control, natural thinking on economics, human psychology in economics
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