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Invisiblesudly
Darwin's stagger

Registered: 01/05/15
Posts: 10,797
Re: This is an introductory presentation to Monetary-hour Units. [Re: sudly]
    #28521708 - 10/28/23 09:44 PM (2 months, 29 days ago)

"Quantifying Economic Worth: The Science of Monetary-Hour Units"

  • Introduce the concept of monetary-hour units.
  • Highlight the significance of understanding the economic impact of tasks and activities for effective time management and resource allocation.
  • Emphasize the interdisciplinary nature of this approach, bridging economics and psychology.


"Methodology: Calculating Monetary-Hour Units"

  • Identify the Task or Activity:
    Choose a specific task or activity to evaluate (e.g., painting, meditation, coffee making).
  • Time Measurement:
    Measure the time it takes to complete the task in minutes.
  • Monetary Investment:
    Determine the monetary cost associated with the task (e.g., cost of materials, hourly wage, or overall value).
  • Calculation:
    Add the time in minutes to the monetary value of the task to calculate the Monetary-Hour Units (MHU).
    MHU = Time (in minutes) + Monetary investment (in dollar value).


"Quantitative vs. Qualitative Analysis: Finding Balance"

  • Quantitative Analysis:
    Involves numerical data and measurement.
    Focuses on objective, measurable aspects like time and money.
  • Qualitative Considerations:
    Encompasses subjective, non-numerical factors like personal fulfillment, emotional well-being, and overall life satisfaction.
    Provides depth and context to the quantitative data.

    "Balancing Quantitative & Qualitative: The Holistic Approach"

  • Quantitative Analysis:
    Provides a structured framework for evaluation.
    Offers clarity and numerical comparisons.
  • Qualitative Considerations:
    Enriches understanding by adding depth and personal context.
    Incorporates human experiences and emotions.

    "Importance of Balancing Quantitative and Qualitative Aspects"

    Comprehensive Understanding:
  • Balancing both approaches leads to a comprehensive understanding of tasks and activities.
    Informed Decision Making:
  • Informed decisions are made by considering both the quantitative and qualitative aspects.
    Enhanced Quality of Life:
  • Achieving balance results in a higher quality of life, balancing productivity with personal fulfillment.

    "Practical Applications of Monetary-Hour Units"

  • Personal Productivity:
    Helps individuals identify high-value tasks, maximizing personal and professional efficiency.
  • Resource Allocation:
    Guides budgeting and resource allocation in personal and professional settings.
  • Psychological Well-being:
    Offers insights into the relationship between time investment and emotional fulfillment.
  • Work-Life Balance:
    Facilitates informed decisions about how time is allocated between work, leisure, and personal growth activities.

    "Conclusion: Enhancing Life Through Informed Choices"

  • Summarize the key points: the methodology, the importance of balancing quantitative and qualitative aspects, and practical applications.
  • Emphasize the empowerment that comes from understanding the economic impact of our activities in a holistic manner.
  • Encourage further research and interdisciplinary collaboration between psychology and economics for holistic approaches to human behavior.


  • --------------------
    I am whatever Darwin needs me to be.



    Edited by sudly (10/28/23 09:51 PM)


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    Invisiblesudly
    Darwin's stagger

    Registered: 01/05/15
    Posts: 10,797
    Re: This is an introductory presentation to Monetary-hour Units. [Re: sudly]
        #28521769 - 10/28/23 10:28 PM (2 months, 29 days ago)

    The executive summary:

    Quote:

    Maximizing Productivity: Decoding the Impact of Monetary-Hour Units

    In the pursuit of optimizing our productivity and making the most out of our time, a transformative concept has emerged: Monetary-Hour Units (MHU). This innovative framework has redefined how we gauge the value of our daily activities, offering a comprehensive perspective that merges both economic and temporal dimensions.

    Understanding Monetary-Hour Units

    MHU stands as a unified metric that captures the economic worth of time spent on a specific task or objective. The calculation involves adding the time spent in minutes to the monetary value of the task. For instance, if an hour-long task is valued at $50, the MHU for this activity would be 110 (60 minutes + $50), emphasizing the dual importance of time and monetary investment.

    The Methodology: A Harmonious Blend of Time and Value

    The methodology behind MHU is elegantly simple, yet its implications are profound. To calculate MHU, begin by identifying the task in question. Measure the time taken to complete the task in minutes and determine the associated monetary cost. By adding the time in minutes to the monetary value, you obtain the MHU, providing a tangible measure of the task's impact.

    Balancing Quantitative Precision with Qualitative Insight

    While MHU provides a quantitative perspective, it is imperative to acknowledge the qualitative aspects of human experiences. Life's richness cannot be solely captured in numerical values. Therefore, it is essential to integrate qualitative dimensions such as personal satisfaction, emotional well-being, and overall fulfillment. By balancing quantitative precision with qualitative insights, MHU becomes a tool that resonates with the complexities of human existence.

    Practical Applications: Guiding Informed Decision-Making

    MHU finds application in various spheres of life. From personal productivity to budgeting and lifestyle choices, this framework guides decision-making processes. MHU enables individuals to identify high-value tasks, manage resources efficiently, and make conscious decisions aligned with their goals and values. It empowers individuals to assess the economic impact of their activities comprehensively.




    MHU = T + M

    It's a referencable quantitative framework.

    MHU = T + M encapsulates the essence of this innovative and transformative quantitative framework. While the term 'revolutionary' might be too strong, MHU introduces a fresh perspective on evaluating the value of time and tasks, especially on a personal level. The simplicity of this equation belies its profound implications. By combining the time (T) spent on a specific task in minutes with the monetary value (M) associated with that task, MHU offers a tangible measure of productivity, facilitating direct comparisons between various activities.

    This formula stands as a beacon in the realm of productivity evaluation, offering a structured and straightforward approach to assess the economic impact of tasks. It becomes an invaluable tool for individuals, businesses, and researchers, providing a unified metric guiding decision-making processes.

    In a world where time is a precious commodity and economic decisions are crucial, MHU emerges as a go-to framework, enabling informed choices and empowering individuals to maximize their resources effectively. As a referenceable quantitative framework, MHU opens new avenues for understanding the intricate relationship between time, money, and productivity, paving the way for a future where every moment is optimized for meaningful outcomes.

    While not revolutionary in reshaping global societal structures, MHU's innovative approach undoubtedly has the potential to revolutionise personal productivity and decision-making processes for those who embrace it. Its transformative power lies in its ability to empower individuals with a practical tool for decision-making, enabling comprehensive task assessment and fostering more informed choices about how time and resources are invested.


    --------------------
    I am whatever Darwin needs me to be.



    Edited by sudly (10/28/23 10:41 PM)


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    Invisibleredgreenvines
    irregular verb
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    Re: This is an introductory presentation to Monetary-hour Units. [Re: sudly]
        #28521884 - 10/29/23 01:03 AM (2 months, 29 days ago)

    Great logical work

    I think you could easily come up with a 7 year plan for the entire country!
    and it would be a good one, just please keep the use of fossil fuels to a minimum.

    One China is really enough.


    --------------------
    :confused: _ :brainfart:đź§   _ :finger:


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    InvisibleRahz
    Alive Again
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    Registered: 11/10/05
    Posts: 9,229
    Re: This is a practical experiment, feel free to join and share. [Re: sudly]
        #28522106 - 10/29/23 09:16 AM (2 months, 29 days ago)

    Quote:

    sudly said:
    Quote:

    Rahz said:
    I used to be pretty poor so I do some things that are thrifty and some things that are dumb when I think about it.

    Wipe clean wet hands with paper towel, let towel dry to use again. T=0 V=5 cents (Win!)

    Pick gravel out of dirt T-10 minutes V=5 cents (Loose!)




    Results:
    Quote:

    you use a lot of paper towels.







    And I thought you didn't like speculation.


    --------------------
    rahz

    comfort pleasure power love truth awareness peace


    "You’re not looking close enough if you can only see yourself in people who look like you." —Ayishat Akanbi


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    Invisiblesudly
    Darwin's stagger

    Registered: 01/05/15
    Posts: 10,797
    Re: This is a practical experiment, feel free to join and share. [Re: Rahz]
        #28522664 - 10/29/23 05:30 PM (2 months, 28 days ago)

    Quote:

    Rahz said:
    I used to be pretty poor so I do some things that are thrifty and some things that are dumb when I think about it.

    Wipe clean wet hands with paper towel, let towel dry to use again. T=0 V=5 cents (Win!)

    Pick gravel out of dirt T-10 minutes V=5 cents (Loose!)




    The new model says,

    Clean hands with paper towel: let's give it one minute if you're thorough, so MHU is 1.05

    Pick gravel: 10.05

    MHUs just offer a quantitative framework for referencing the overall value of a set of tasks.


    --------------------
    I am whatever Darwin needs me to be.



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    Invisiblesudly
    Darwin's stagger

    Registered: 01/05/15
    Posts: 10,797
    Re: This is an introductory presentation to Monetary-hour Units. [Re: redgreenvines]
        #28522666 - 10/29/23 05:31 PM (2 months, 28 days ago)

    Quote:

    redgreenvines said:
    Great logical work

    I think you could easily come up with a 7 year plan for the entire country!
    and it would be a good one, just please keep the use of fossil fuels to a minimum.

    One China is really enough.




    Not easily but hypothetically sure.


    --------------------
    I am whatever Darwin needs me to be.



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    InvisibleRahz
    Alive Again
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    Registered: 11/10/05
    Posts: 9,229
    Re: This is a practical experiment, feel free to join and share. [Re: sudly]
        #28522719 - 10/29/23 06:23 PM (2 months, 28 days ago)

    Maybe stick to the claim instead of changing the subject. Your inability to understand the examples is noted. :wink:


    --------------------
    rahz

    comfort pleasure power love truth awareness peace


    "You’re not looking close enough if you can only see yourself in people who look like you." —Ayishat Akanbi


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    Invisiblesudly
    Darwin's stagger

    Registered: 01/05/15
    Posts: 10,797
    This is an introduction to MHUs [Re: Rahz]
        #28522737 - 10/29/23 06:47 PM (2 months, 28 days ago)

    There are no claims from MHUs.

    That was an error of interpretation before, and I've corrected it. I'm not in the picture for calculating MHUs.

    It's a framework you can choose to utilise.

    Monetary-Hour Units (MHUs) can be conceptualised as a multifaceted model, blending the precision of quantitative analysis with the depth of qualitative understanding. At its core, MHUs serve as a quantitative framework, providing a structured model to calculate the economic worth of tasks by amalgamating time and monetary value. This model offers a tangible measure, allowing direct comparisons between various activities.

    Additionally, MHUs form the basis of a referencable qualitative framework, integrating quantitative data with subjective factors such as personal fulfillment and emotional well-being. This integration creates a holistic model, enabling individuals to assess tasks comprehensively. MHUs, therefore, represent a dual-layered model, incorporating numerical precision and nuanced human experiences, empowering individuals to make informed decisions about their time and resources.

    Basically, if you want help, give me more data.


    --------------------
    I am whatever Darwin needs me to be.



    Edited by sudly (10/29/23 07:00 PM)


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    Invisiblesudly
    Darwin's stagger

    Registered: 01/05/15
    Posts: 10,797
    An introduction to MHUs [Re: Rahz]
        #28522790 - 10/29/23 08:03 PM (2 months, 28 days ago)

    The ability to grasp the concept of Monetary-Hour Units (MHUs) and understand how to calculate them is pivotal for their practical application. MHUs, or Monetary-Hour Units, embody an innovative paradigm that merges the quantitative precision of time and money with the qualitative depth of human experiences. At its core, an MHU is calculated using a simple equation: MHU = T + M. Here, T represents the time spent on a specific task measured in minutes, and M signifies the associated monetary investment as a dollar value. This calculation results in a single numeric value that encapsulates the task's economic worth.

    Mastering this calculation is fundamental because it forms the foundation upon which qualitative considerations are grafted. The ability to independently calculate MHUs empowers individuals to accurately assess the economic impact of their tasks. Without this understanding, integrating qualitative aspects becomes challenging. Knowing how to calculate MHUs allows individuals to make conscious, informed decisions about resource allocation, enabling them to align their actions with their values and goals. In essence, the ability to calculate MHUs serves as the key that unlocks their practical potential. It guides individuals in evaluating tasks comprehensively and making choices that resonate with their deeper aspirations.

    Utilising MHUs aims at fostering a perspective that meaningfully incorporates personal well-being, fulfillment, and positive contributions to overall personal welfare, enabling individuals to make decisions that align with their values and contribute positively to their lives.


    --------------------
    I am whatever Darwin needs me to be.



    Edited by sudly (10/29/23 08:17 PM)


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    Invisiblesudly
    Darwin's stagger

    Registered: 01/05/15
    Posts: 10,797
    Re: An introduction to MHUs [Re: sudly]
        #28522848 - 10/29/23 09:28 PM (2 months, 28 days ago)

    Introduction to MHUs: Understanding the Dual-Layered Model

    Monetary-Hour Units (MHUs): A Comprehensive Teaching Approach

    Understanding the Components: Time (T) and Money (M)

    Time (T):
    - Time is measured in minutes and represents the duration spent on a specific task.
    - It acknowledges the tangible investment of one's most valuable resource: time.

    Money (M):
    - Money is represented as a monetary value, reflecting the economic investment made in the task.
    - It quantifies the financial resources allocated to accomplish the task.

    Calculating MHUs: The Simple Equation
    - MHU = T (Time in minutes) + M (Monetary investment)

    Interpreting MHUs: Qualitative Grafting

    Quantitative Precision:
    - MHUs provide a structured lens to scrutinize the economic worth of tasks.
    - By summing up the minutes spent (T) with the monetary investments made (M), MHUs offer a comprehensive numeric representation.

    Qualitative Considerations:
    - Qualitative grafting involves integrating subjective elements like emotional fulfillment, personal growth, and well-being into MHUs.
    - It transforms MHUs from mere numbers into holistic representations of tasks, bridging the gap between rational calculations and emotional responses.

    Practical Application: Task Allocations and Decision-Making

    Balancing Time and Money:
    - MHUs enable individuals to evaluate tasks comprehensively by considering both the quantitative and qualitative aspects.
    - Balancing time and money investments ensures a well-rounded approach to decision-making.

    Aligning Tasks with Values and Goals:
    - MHUs empower individuals to align their actions with their values and goals.
    - Tasks with higher MHUs might indicate activities that bring emotional fulfillment and contribute positively to one's well-being.

    Informed Decision-Making:
    - Understanding MHUs allows for informed decisions about resource allocation.
    - Individuals can prioritize tasks based on their comprehensive value, optimizing their time and money investments.

    In Summary
    MHUs serve as a powerful tool for evaluating tasks comprehensively. By grasping the components of time and money and understanding the qualitative grafting process, individuals can interpret MHUs effectively. This knowledge empowers individuals to make informed decisions, allocate resources wisely, and align their actions with their values and goals, fostering a balanced and fulfilling approach to the management of day-to-day tasks. MHUs, as a dual-layered model, offer not only a numeric representation of tasks but also a profound understanding of the intricate interplay between quantitative precision and qualitative depth, guiding individuals on their journey toward optimal decision-making and personal fulfillment.


    --------------------
    I am whatever Darwin needs me to be.



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    Invisiblesudly
    Darwin's stagger

    Registered: 01/05/15
    Posts: 10,797
    Re: An introduction to MHUs [Re: sudly]
        #28522862 - 10/29/23 09:48 PM (2 months, 28 days ago)

    Consider this scenario where an individual calculates 10 MHUs covering various tasks from their daily routine. Here's how they might allocate their MHUs:

    Quote:

    MHU = T + M

    Making Breakfast:
    Time (T): 30 minutes
    Money (M): $5 (cost of ingredients)
    MHUs = 30 minutes + $5 = 35 MHUs

    Partaking in a Hobby (Painting):
    Time (T): 2 hours (120 minutes)
    Money (M): $20 (cost of art supplies)
    MHUs = 120 minutes + $20 = 140 MHUs

    Doing Groceries:
    Time (T): 1 hour (60 minutes)
    Money (M): $50
    MHUs = 60 minutes + $50 = 110 MHUs

    Having a Few Days of Holiday:
    Time (T): 3 days (36 hours, considering active hours per day)
    Money (M): $500 (accommodation, food, activities, etc.)
    MHUs = 4320 minutes + $500 = 4820 MHUs 

    Working on a Personal Project:
    Time (T): 4 hours (240 minutes)
    Money (M): $0 (no monetary investment)
    MHUs = 240 minutes = 240 MHUs

    Exercising at the Gym:
    Time (T): 1.5 hours (90 minutes)
    Money (M): $1 (cost of gym membership per day)
    MHUs = 90 minutes + $1 = 91 MHUs

    Attending a Social Gathering:
    Time (T): 3 hours (180 minutes)
    Money (M): $40 (dinner and drinks)
    MHUs = 180 minutes + $40 = 220 MHUs

    Reading a Book:
    Time (T): 2 hours (120 minutes)
    Money (M): $15 (cost of the book)
    MHUs = 120 minutes + $15 = 135 MHUs

    Volunteering at a Local Shelter:
    Time (T): 2 hours (120 minutes)
    Money (M): $0 (volunteer work)
    MHUs = 120 minutes = 120 MHUs

    Watching a Movie at the Theater:
    Time (T): 2.5 hours (150 minutes)
    Money (M): $25 (movie ticket and snacks)
    MHUs = 150 minutes + $25 = 175 MHUs




    In this scenario, the first layer of the dual-layered model is presented as the qualitative framework of 10 day-to-day activities. Once the 10 MHU values have been calculated, having those MHU results enables the individual to proactively engage in qualitative grafting.

    Once these MHU values have been determined, the individual can then proactively delve into qualitative considerations. These qualitative aspects encompass subjective elements like emotional fulfillment, personal growth, and overall well-being, which are integrated into the MHU values by the individual. By incorporating these qualitative dimensions, the individual can gain holistic perspective on their tasks, bridging the gap between rational calculations (quantitative) and emotional responses (qualitative).

    This dual-layered approach not only quantifies the economic worth of tasks but also enables individuals to reflect on the qualitative significance of their activities. It can empower them to make more informed decisions, prioritize tasks based on comprehensive value, and align their actions with their values and goals, fostering a more balanced and fulfilling approach to daily life.


    --------------------
    I am whatever Darwin needs me to be.



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    Invisiblesudly
    Darwin's stagger

    Registered: 01/05/15
    Posts: 10,797
    Re: This is a practical experiment, feel free to join and share. [Re: Rahz]
        #28527334 - 11/03/23 12:44 AM (2 months, 24 days ago)

    Quote:

    Rahz said: And I thought you didn't like speculation.




    I don't like speculation, but I do like estimation.

    Quote:

    Speculation:

    Definition: Speculation refers to the act of forming a theory or conjecture about something without sufficient evidence to support it. It involves making guesses or predictions about future events or outcomes based on limited information or intuition.

    Example: Speculating on the stock market by predicting which stocks will rise in value without concrete analysis or data to support the prediction.

    Estimation:

    Definition: Estimation involves making an educated guess or calculation about the quantity, value, or extent of something based on available information and analysis. Estimations are usually based on data, statistical methods, or expert judgment to provide a reasonably accurate assessment.

    Example: Estimating the cost of a construction project based on the materials, labor, and other relevant factors, using historical data and expert opinions.




    --------------------
    I am whatever Darwin needs me to be.



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    InvisibleRahz
    Alive Again
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    Registered: 11/10/05
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    Re: This is a practical experiment, feel free to join and share. [Re: sudly]
        #28527555 - 11/03/23 07:34 AM (2 months, 24 days ago)

    Your "estimate" was a speculation. :shrug:

    Did you have sufficient evidence?

    When do I choose to dry my hands with paper towels?
    How often do I do that?


    --------------------
    rahz

    comfort pleasure power love truth awareness peace


    "You’re not looking close enough if you can only see yourself in people who look like you." —Ayishat Akanbi


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    Invisiblesudly
    Darwin's stagger

    Registered: 01/05/15
    Posts: 10,797
    Re: This is a practical experiment, feel free to join and share. [Re: Rahz]
        #28528005 - 11/03/23 02:48 PM (2 months, 24 days ago)

    I see you're holding on to the original speculation that you use a lot of paper towels.

    Its true that was speculation, but also that it was a completely different equation being used that was false.

    I'm not sure if you caught that the model changed to MHU = T + M and that speculation became estimation.

    When and how often is up to you, we're only estimating the MHU for a single drying. Adding the cost of a paper towel to the time it takes to dry your hands.

    You could also estimate the MHU for washing your hands or having a shower.


    --------------------
    I am whatever Darwin needs me to be.



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    InvisibleRahz
    Alive Again
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    Registered: 11/10/05
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    Re: This is a practical experiment, feel free to join and share. [Re: sudly]
        #28529336 - 11/04/23 05:15 PM (2 months, 22 days ago)

    I wasn't sure how to take your last response. Thanks for being clear and for what it's worth my original comment to your response was speculative :smile:

    Regarding the subject, necessity and/or subjective worth play in and complicate things. I tend to wing it and improve as I go. I don't claim it to be highly efficient.


    --------------------
    rahz

    comfort pleasure power love truth awareness peace


    "You’re not looking close enough if you can only see yourself in people who look like you." —Ayishat Akanbi


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    Invisiblesudly
    Darwin's stagger

    Registered: 01/05/15
    Posts: 10,797
    Re: This is a practical experiment, feel free to join and share. [Re: Rahz]
        #28529343 - 11/04/23 05:21 PM (2 months, 22 days ago)

    I tend to wing it too, but I do try to calculate the MHU of some tasks.

    The entire model to me is simply a tool that helps enable me to practice transcribing relative experiences onto a tangible measurement of economic worth.

    I believe this provides the skills to work with structure that I sometimes lack.

    And applying the core tenants of this model has lead to interesting insights for assessing behavioral ecology too.

    Applying perspectives from this model to different disciplines has been very insightful in fact, but I am still trying to refine it's development for how to more clearly describe and communicate about it.

    Essentially I'm aiming to model the psyche as a sort of tripartite model of quantitative numerics framed over by qualitative considerations to quantify a sense of relative experience. 


    --------------------
    I am whatever Darwin needs me to be.



    Edited by sudly (11/04/23 05:29 PM)


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    Invisibledurian_2008
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    Re: This is an introductory presentation to Monetary-hour Units. [Re: redgreenvines]
        #28529378 - 11/04/23 05:52 PM (2 months, 22 days ago)

    Quote:

    redgreenvines said:
    One China is really enough.




    (I apologize if what I say is offputting or confusing.)

    Rather than the competition that exists in a free market, Communism creates an intentional scarcity of jobs and other resources, so that there is always an industrial, or labor, army on call.

    Timocracy does not grant power over any more constituents than you can physically feed over a given period.

    Communism is structured to keep people under a siege mentality, due to class warfare.

    Timocracy might be an answer to forever wars, because warriors had to equip themselves and feed their social support.


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    Invisiblesudly
    Darwin's stagger

    Registered: 01/05/15
    Posts: 10,797
    Re: This is an introductory presentation to Monetary-hour Units. [Re: durian_2008]
        #28529388 - 11/04/23 05:58 PM (2 months, 22 days ago)

    This isn't about the free market, but about using the MHU tool to help in assessing a schedule for the personal market of agency and individual resources of time and money.


    --------------------
    I am whatever Darwin needs me to be.



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    Invisibledurian_2008
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    Re: This is an introductory presentation to Monetary-hour Units. [Re: sudly]
        #28529412 - 11/04/23 06:14 PM (2 months, 22 days ago)

    SWIM said, China.

    Neither the East nor West bloc assume that you have a right to exist. But the ancient concepts of govt, on which we are based, might abide by the MHU tool.


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    Invisiblesudly
    Darwin's stagger

    Registered: 01/05/15
    Posts: 10,797
    Re: This is an introductory presentation to Monetary-hour Units. [Re: durian_2008]
        #28529439 - 11/04/23 06:34 PM (2 months, 22 days ago)

    Hypothetically the model of this theory could be expanded to encompass more societal or environmental data analysis strategies, but for the purposes of this thread we are only introducing the model as a mental tool assisting in the planning of a personal schedule.

    This isn't the place to reference foreign affairs or government overreach.


    --------------------
    I am whatever Darwin needs me to be.



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