Small silhouette of Doug Wolkon WELCOME TO PLURANOMICS, THE ECONOMICS OF MANY.

The Value of Time

My economic philosophy is based on readings from Schumpeter, Smith, Walrus, Hayek, and Say, among other old-school economists. The true value of time is determined by light and dark; not wages to pay for rent.

Energy Debt vs. Energy Equity

Posted by Doug Wolkon on September 23, 2007 at 1:06 am

Non-Renewable Energy creates a Debt-Based Economy

  • We are currently leveraging our land value with non-renewable or “borrowed” energy debt.
  • Non-renewable energy owns the 1st Mortgage Debt on our Land.
  • When energy debt costs grow, our land’s 1st mortgage grows.
  • Such increases in costs are inflationary. Continued »
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Equity Economics

Posted by Doug Wolkon on August 20, 2007 at 5:39 pm

When I think of Equity, I think of the Equity in a home, real estate or a business, after deducting debt or margin. I think of Equity as being the opposite of debt; renewable energy is Equity, as is Free Time. In any case, it is always fiercely competitive to get any kind of Equity because Equity is good, just like debt is bad. But, I also think of fairness or evenhandedness when I think of Equity, as in equitable; you know, you get what you earn and once you earn it, only you figure out how to best use it. When I think of Equity, I think of you! Continued »

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Oxymorons: Get It?

Posted by Doug Wolkon on July 20, 2007 at 3:28 am

Renewable Energy

Chemical Cleaners

Health Insurance

Life Insurance

Green Building

Social Security

Consumption Growth

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The Evolution of Capitalism

Posted by Doug Wolkon on June 4, 2007 at 7:15 pm

Land, Time and Value

  • Land is the original source of Value.
  • Land is productive but scarce.
  • Its scarce production value can only be enhanced through human innovation.
  • Human Innovation increases with increases in Labor Time.
  • Originally, the only Production Cost of Land Value was Labor Time.
  • Land Value was originally realized from the essential production of food (hunger), clothing (protection) and shelter (protection).
  • Labor Time Costs were paid in food, clothing and shelter.
  • Labor Time Costs were stable upon sufficient production of food, clothing and shelter.
  • Further developing our Land; our Labor Time produced Extra Land Value or Capital Stock Profits.
  • Capital stock profit was originally the accumulation of Extra Land Value.
  • Extra Land Value was originally paid in Labor Free Time and/or other Luxuries.
  • However, when Land was appropriated to private landlords, our Extra Land Value paid and afforded a Land Rent.

Continued »

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