, this made me think of you.. from "Triple Bottom Line: The Economic Systems Infrastructure for a Sustainable and Abundant Service Economy," Arthur Warmoth, 2006.
Creating appropriate economic institutions for a postindustrial world requires us to recognize a few basic principles:
“Money is an agreement, within a community, to use something as a means of payment [medium of exchange]” (Lietaer, 2001, p. 41). The “something” used is what we commonly refer to as “money,” but it has its value on the basis of social agreement, not intrinsic worth. The specific design features of a monetary system have practical consequences.
There is an economics of the commons (public goods and services, sustainable ecology, quality of life) that is different from and complementary to the economics of price- auction markets (which produce trade goods and services).
In the economics of the market system, land (natural resources) is accounted for as a cost factor in the production process. More recent thinking has pointed out that the earth is an asset which can be managed in ways that deplete or sustain its value. This has led to concern with the need to account for “externalities.”
In the economics of the market system, human labor (including intellectual as well as manual labor) is also treated as a cost. In the economics of the commons, human creativity and relationships are intrinsic forms of wealth. Shifting from a view of human resources as costs to a view of human labor, creativity and relationships as assets (intrinsic forms of wealth) leads to new approaches to accounting for value and is key to the creation of an abundant, information-rich service economy.