Chapter 9. Global market accounting.

1. This chapter's goals.

In this chapter we will try to show that the telematic cheque-invoice, through the exact and continuous statistics it provides, can produce a monetary market accounting of great scientific and political usefulness.

2. The telematic cheque-invoice as an automatic multicaptor of the elemental phenomena of the market.

The market phenomena -exchanges- are very definite. But when they are mediatized by a money system -and become therefore elemental monetary changes- they obtain a new abstract-numeral dimension. In a rational money system, this new dimension is felt automatically and exactly through what we have called the telematic cheque invoice.

In fact the cheque invoice among other things is a metric document which records an elemental mercantile operation with all its many pervalences; we call it a multicaptor.

All the details obtained represent a rich qualitative and quantitative material which can be the basis for the exact knowledge of the market.

3. The analytic-statistic market all-accounting.

The centralized automatic integration of all the information provided by each and all the cheque-invoices emitted in every time-space under consideration, produces «continuous and dynamic measurement, analysis and statistics (always according to the treatment of this information's programme) of the monetary market» which we will call mercantile all-accounting.

This all-accounting can have a high interest for all the population: politicians, tradesmen, judges, professional men and citizens in general. It is this sort of information -without personalized data- which must be socialized, according to the principles explained in chapter 7.

The accounting analysis and statistics programmes must be as complete as possible. All the existing accounting techniques must be used; if as a start this is not technologically possible, priorities can be established to include little by little all the fields and ranges of the market.

Also the accounting period under consideration can be reduced little by little according to the technological possibilities of the telematic monetary network.

4. Levels of accounting centralization.

If effective results in the economic leadership of society must be obtained, it is clear that the centralization of the telematic network must be extended to the whole society under consideration in order to obtain the macro-mercantile magnitudes.

But this accounting centralization -which is abstract and, therefore, does not mean a political or any other centralization- must be effected in successive steps which might be the following:

5. Mercantile dynamics and structure of the all-accounting.

The job of organizing in detail the structure of the suggested all-accounting, and the telematic programmes which must carry it out, must be done by experts.

However, the general principles can be sketched here, from the simple observation of the market, since the formal analysis of it must necessarily correspond to the processes and peculiarities of the phenomena which develop every day in such a market.

In a first analytic approximation, trying to reflect the market in its dynamic and continuous reality and complexity, we can consider the monetary market -or exchange of goods through monetary conventions- as a reality where the following elements converge:

These elements are narrowly connected among them: none of them is self-standing, but each of them exists in function of all the others and therefore their distinction is simply analytical. But this analysis is absolutely necessary:

Every different combination of goods and agents originates a kind of elemental exchange. If we make a classification of the main sorts of exchange, we will be able to distinguish in the market great cycles, very interesting for the practical interpretation of the market:

In the following annex there will be a more definite explanation of all the elements and mercantile cycles, and of the practical implications of separating them.

Notes:

¹Trading banks and savings banks.
²It must be kept in mind that the production of any modern enterprise is of exclusively price-mercantile values.