← The System

Part IV · value, money, property, capital

The Economy

§10 Two layers of money

Money demoted to one axis with demurrage as a settlement layer, kept but stripped of its civic supremacy.

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§11 Markets and the externality overlay

The market interior kept for allocation; a multidimensional Pigouvian overlay prices the harm it ignores.

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§12 Property, rent and the commons

Earned-private / unearned-commons; the rent-meter, the reproducibility firewall, and rent generalised from land to compute and data.

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§13 The capital and credit engine

Capital mobilised on Smith's dead-stock logic; finance's earned/unearned seam; the anti-fictitious-capital discipline.

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§14 Distributive justice

A citizen claim on the commons, a variable dividend from realized yield, and a capability floor secured even when wage demand contracts; the anti-concentration ceiling.

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§15 Inter-frame value routing

Plural value frames, minimum disclosure, and public corrections that must improve rather than erase participants' own perspectives.

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