Economics as it should be.

Hour Economics

Hour Economics follows three principles;

1) Judge value by use time,  Time is not the only factor to use in judging value but it is the universal one.

2) Judge price by work time.  Time is not the only factor to use in judging price but it is the universal one.

3) Judge money by Hours.  Again, time is not the only factor to use in judging money, but it is the universal one.

The goal is more free time to do all the other things that make life worth living besides working for money. While occasional and temporary variations will occur, domestic and international exchanges will be more accurate, efficient, equitable and amicable than now. The World will be at peace and there will still be work to be done, but all will share the work and share the wealth.

Local Currencies

Local currencies have used the Hour money denominator for years:

http://www.paulglover.org/hours.html

A Global Currency Unit

The Provisional World Parliament in 2004, in Lucknow, India, adopted the Hour as the world money unit and urges its adoption by all Nations. More at: http://www.worldproblems.net/english/legislation/full_texts_en_htm/wla_22_world_equity_act.html