Chapter 9. Mercometrics and mercologics.
- Metrics and «science».
- Operative definitions.
From the point of view of the theoretical knowledge of the market, the monetary
reform which we have suggested has very important consequences. In fact, the rational
monetary system of the pro-telematic cheque-invoice makes it possible to convert
the market definitely into an object of scientific study.
1. Metrics and «science».
Without a suitable metric system, no discipline of knowledge of the
phenomenal reality may become «scientific».
In the case of the market science or mercologics, it is
exactly the same: it is necessary a metric system for measuring the elementary
market phenomena: the elementary monetary exchanges. And this metric system
is undoubtedly the monetary system.
The present monetary system, however, does not fulfil suitably this
task: it is irrational and antidocumentary. The pro-telematic cheque-invoice
which we suggest is the basis of a real and effective mercometrics, without
which we cannot have later any mercologics: at the most, there could be
a qualitative approximation, which is not enough for the experimental «sciences».
2. Operative definitions.
A rational metric system allows to give operative definitions, that
is, definitions liable to appear in experimentally verifiable statements.
In the case of the market, if we consider it as the number of the elementary
free monetary exchanges (carried out in a given time-space), this definition
can only be operative if there is a cheque-invoice, because in this case
every elementary monetary exchange is well documented and, therefore, can
be known and measured.
Market exchanges are specific phenomena which, thanks to the use of
a monetary system, summon up abstract dimensions; these abstract dimensions
are picked up faithfully, exactly and automatically, by the pro-telematic
cheque-invoice, and make up the basic material for the logic, pro-scientific
processing of data.
Only so can «science» be spoken of; only so is it possible
to confirm or invalidate any hypothesis or model on the market according
to a «scientific» process.
It is therefore urgent for mercologics to rely on a solid and dependable
mercometrics as the one which may be offered by a monetary system based
on the pro-telematic cheque-invoice.