Social Reconstruction by Replacing Interest Rates with Trade Instruments

Abstract

The way to replace interest rates in economic, financial, and social issues by using trade-related instruments is formally developed in great detail. The world-system meaning of unity of knowledge derived from the episteme and applied to the complementarities of the Mind-Matter universe of three dimensions, namely knowledge-time-space, is formalized. Methods of the measurements underlying such conceptual ideas are introduced. This takes us to the field of circular causation and its implications around statistical “estimation” and “simulation.” The simulation results are followed by ethical, policy, and institutional implications. Many equilibrium results, devised now in the evolutionary world-system of process learning, are formalized and presented.