Revised November 8, 2013
Work is the effort in making or doing something. In Physics, work is the transference of energy from one body or system to another.
Production is the act of creating with intelligence and/or skill; to bring something into being.
In Economics in general and as described in Producer Rewarded Open Market Economics, work is performed while transferring the Producers’ self generated energy into products and services. The result is a directed-caused-creation. Production work is a directed-caused-creation of a commodity, trade, good or a service by a Producing Worker. When the commodity, trade, good or service is marketed on the Open Market we see the transference of energy into the money units. The transference of energy into money units takes place on the Open Market.
This is where money becomes the symbol for energy. You could say the Producer-generated-energy that is used to create commodities, trades, goods and services is measured in money units. The Worker Producer generates the energy and transfers it to a commodity, trade, good or service while creating (producing) the commodity, trade, good or service. This energy is then transferred to money units via exchanging the commodity, trade, good or service on the Open Market. After the exchange on the Open Market you could say the Worker Producer is walking around with packets of energy in his/her pocket in the form of money units.
This is important to note. The Worker Producer generates the energy, transfers this energy into the creation of commodities, trades, goods and services and markets these commodities, trades, goods and services on the Open Market. When the commodities, goods and services are marketed on the Open Market the energy is transferred to money units. This is the action of converting energy into money via the production of commodities, trades, goods and services. This is self-created money-energy.
The Worker Producer needs to take full responsibility for the existence of this money-energy. If he doesn’t take full responsibility for this money-energy, non-producers and counter-producers will take it from him and use its power and force against him to enslave him and take more of his money-energy.
Producer Rewarded Open Market Economics
The Science of Economics
By: R P Obrigewitsch
July 15, 2011
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Axioms of Economics
Constant Money Supply
Money Velocity and Prosperity
- 1.0 Money Velocity and Prosperity
- 1.1 The Money Velocity Cycle
- 1.2 Capital Producing Economics
- 1.3 Vampire Economics
- 1.4 The Goal of a Society
- 1.5 Production Efficiency
- 1.6 Why Money Velocity Slows
- 1.7 Capital Destroying Economics
- 1.8 Producer, Non-producer or Counter-producer
- 1.9 Razor Thin Path
- 2.0 Stock Market
Open Market Economics
Producer Rewarded Economics
- 1. What is money?
- 1.1 What is a Product?
- 1.2 The Four Basic Laws of Economics
- 1.3 Who are the Producers?
- 1.4 All Producers are Workers
- 1.5 Workers and Producers Create Money
- 1.6 Government Products and Services
- 1.7 Non-productive & Counter-productive Activities
- 1.8 Work, Energy and Money
- 1.9 Production Creates Futures
- 1.95 Producers, Non-producers and Counter-producers
- 2.0 Attention and Money
- 2.01 Attention Vacuum and Producers
- 2.02 Attention Vacuum and Producers
- 2.1 Banks Don’t Create Money
- 2.2 Capitalism Without Rules
- 2.4 True Wealth!
- 2.5 True Wealth! Part 1
- 2.6 True Wealth! Part 2
- 2.7 True Wealth! Part 3
- 3.0 Socialism
- 3.1 Political Economic Systems
- 3.2 Producers, Non-producers and Counter-producers
- 3.3 Overt and Hidden Socialism
- 3.4 Capital Destroying; Capitalism and Socialism
- 3.5 Economics is a Group Activity
- 3.6 Capital Producing Capitalism and Capital Producing Socialism
- 3.7 Private Forms of Socialism
- 3.8 Capitalist Socialist Economics
- 3.9 Government Socialism
- 4.0 Types of Socialism
- 4.1 Interfacing in Groups
- 4.2 Correlated Pay
- 4.3 System of Measuring Production
- 4.4 Systems of Pay
- 4.5 State of Action
- 4.6 Capital Destroying Capitalism
- 4.7 Capital Destroying Socialism
- 4.8 Use of the Word Capital
- 4.9 Producer Rewarded Open Market Economics
- 5.0 Prosperity Thrusts
- 5.1 Pure Capitalism
- 5.2 Right Wing Socialism
- 5.21 Three Types of Capitalism
- 5.3 Left Wing Socialism
- 5.4 Foundation Socialism
- 5.9 Deus ex Machina