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This exploration aims to clarify the nature of money and its role in measuring value within the economy.

July 30, 20260 citationsOpen Access

Monetary Measurement System of the Economy (MMSE)

Key Points

This exploration aims to clarify the nature of money and its role in measuring value within the economy.
Philosophical analysis of the nature of money and value.
Examination of the practical functions arising from the Monetary Measurement System.
Money is determined by its role in the Monetary Measurement System rather than by its functions.
Value is a calculated outcome of measurement relative to a monetary standard.
Observable functions of money arise from the operation of the Monetary Measurement System, including measuring value and facilitating exchanges.

Abstract

Monetary Measurement System of the Economy (MMSE) 1. The Philosophical Nature of Money Money is not a function of the economy. Money consists of the elements of the Reference Measurement System of the economy, which provides quantitative comparison of the objects of economic circulation. Therefore, the nature of money is determined by its role within the Monetary Measurement System, rather than by the functions it performs. 2. Value Value is the result of measurement. It is the numerical evaluation of an object relative to the monetary reference standard within the Monetary Measurement System of the economy. Therefore, value is not an intrinsic property of an object, but the result of a measurement process. 3. Practical Aspect The operation of the Monetary Measurement System gives rise to the observable functions of money, including: • measuring value; • settlement; • payment; • accumulation; • exchange. Therefore, the functions of money are consequences of the operation of the Monetary Measurement System rather than the essence of money itself.

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