MoneyLab: Coining Alternatives
Session 1: The Monetization of Everything
Stefan and Ralph Heidenreich (DE): Non-Money
Conference Day 1 (21 March 2014)
At its base, economy deals with the allocation and distribution of work and goods. We are used to taking money as a given, a sheer necessity, but the tasks of allocating and distributing work and goods can also be redefined in network terms in a graph-theoretical approach. In that case money would not be the only means of solving these tasks; data and algorithms could perform the same service. A non-monetary approach to economy poses some general questions, both in theory and in practice. Do we need a general equivalent of money, or can it be avoided altogether? What existing economic models might be applied? Who can be considered an economic agent – a person, a group, an object? What elements of a non-monetary economy are already in place? What kind of time frame is set and which data are needed? How do we organize infrastructure without money? What about innovation or progress? And what would a technical implementation look like?