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The paper aims to establish a theory of money as a measurement system rather than a functional set, focusing on its ontological basis.

July 26, 2026Open Access

Ontology of Money: A Theory of the Monetary Measurement System of the Economy

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Theoretical analysis develops a monetary measurement system for economics, suggesting implications for digital currencies.

The paper aims to establish a theory of money as a measurement system rather than a functional set, focusing on its ontological basis.
Developed theoretical model from APhD: AoS framework.
Defined requirements for monetary measurement systems from measurement theory and economic dynamics.
Analyzed digital currencies, particularly Bitcoin, through the proposed framework.
Identified limitations of Bitcoin linked to its measurement architecture's axiomatic properties.
Proposed the Principle of Ontological Primacy in Measurement, emphasizing the link between measurement requirements and the economy's ontology.

Oleg Idylevich Kurbanov (2026) studied this question.

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