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Currency and Moral Practice—Navigating the Commercial Environment

100%

Campbell J.

Dialogue and Universalism

2024

issue 1

83-93

This article investigates the ethical foundations for both personal and commercial conduct, placing these a) for natural individuals with Kant’s categorical imperative as the standard for verification and b) for entities defined to conduct business with markets that freely determine prices among the participating actors at the moment of exchange. Pervasive digitization of transactions is noted. The concepts of currency and money are defined and examined in practice, drawing on the statements of international and US government agencies, economists as well as investigative reporters.

Global Thermoeconomics

72%

Cardullo M. W., Liu M. M.

Journal of Banking and Financial Economics

2017

issue 1(7)

70-89

This paper illustrates that basic global economic concepts can be directly related to the First and Second Laws of Thermodynamics. We believe that all economic returns are from nothing except from current and past human expenditure of human energy; this is the result of the First Law of Thermodynamics. It is shown that everything is a product of energy in the form of labor and that the basic principle of Labor Theory of Value is still valid and this principle is validated not relying on economics and fi nance models, rather on thermodynamic principles. This is illustrated by the development of the Labor Value Equation based on the application of the First and Second Law of Thermodynamics and how it can impact employment, asset valuation, supply/demand, productivity, global confl ict, global reserve currency and global stability

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1 Dialogue and Universalism

1 Journal of Banking and Financial Economics

1 Campbell J.

1 Cardullo M. W.

1 Liu M. M.

1 2024

1 2017

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Currency and Moral Practice—Navigating the Commercial Environment

Global Thermoeconomics