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Welcome to EVE

This book presents a new economic system, which I call EVE or Extra Value Economics.   I would classify this work as a natural law system.  This book originates new concepts and terminology to help explain a deeper understanding of how economics works.  EVE delivers concepts like Time-Satisfaction, Time Compression, Time-shares, Time Machines, TimeBanks, and many more.  EVE, or EVism, is a point of view, just as Capitalism, Socialism, and Communism are.  The ExtraValuist, or EVist for short, takes the Extra Value point of view, which is the creation, conversion, and compression, as well as the storage, use, and exchange of Extra Value.

Economics is the study of how people choose their preferred combination of wants and how they best go about satisfying them.  For an economic system to be effective, it must acknowledge and respectfully deal with motivation, valuation, and allocation.

First of all, there is Motivation — the impetus to move.  “Move to More” is the simplest way to describe how economic activity works, where Move is the effort or time and More is the result or benefit.  Given a choice, typically, people will not move unless there is some kind of More involved or unless not moving will cause them to relatively move to less. 

                                                                              Move

                                                                        Move to More

                                                                   Move to More Money

                                                             Move to More for the Money

                                                                       Time is Money

                                                                   Move to More Time 

                                                             Move to More for the Time

                                                                Sometimes less is More

                                                                       Move to More 

                                                                              Move

Secondly, there is value — why something is worth doing, and how much will be given to get it.  Value has two components, time and satisfaction, which can be understood in practice as satisfying types of time or satisfaction over time, both of which can be referred to as Time-Satisfaction.  

Here is how it works:  the more satisfaction you achieve per time increment, the more Want-Satisfaction you experience in that time period, and in the aggregate, the more satisfaction you experience in your lifetime.  So, when you increase the amount of Want Satisfaction achieved per time segment, you leverage Time-Compression.

Time-Compression is a natural attribute of the human mind that is unbound by the 24-hour clock.  It is the ability to compress time, not tick-tock clock time, rather Satisfaction Time.  Generating more satisfaction per time increment leads to satisfaction density.  Thus, you are receiving more per effort and per time, and in doing so, time and the associated resources become a better value. 

One final point concerning value — value is more readily tradable when quantified in terms of a universal common denominator, such as money.  But, money is not the most accurate descriptor for this quantifier of value.  Time-Shares is the true descriptive name for our generic trading currency.  Through timing, talent, tools, and techniques, humans can generate Time-Satisfaction and even compress it and then state its relative value in terms of shares of time, aka Time-Shares.  So by using Time-Shares (money) during an exchange, the seller is converting specific time satisfiers to generic time-shares, and the buyer is converting generic time-shares back to specific time satisfiers. 

Thirdly, there is allocation — why and how resources move from place to place.  Extra Value Exchange is the mechanism that best facilitates economic flow and positive-sum relationships.  Many things drive economic activity, but the key to all of them is Extra Value.  The extra is the additional benefit received by both parties to the exchange.  Extra Value is to economics, what Mass is to physics — it carries Want Satisfaction gravity, a relentless attractive force that rational minds cannot resist because Moving to More turns a this or that choice into a this and that attainment.

Thus having introduced the three essential parts of this new economic system leaves me only to explain the significance of having named it EVE.  As all the various relationships catalyzed and matured, the EVE concept emerged as the most vital, encompassing, and unifying component.  EVE represents and explains both the individual microeconomic exchanges as well as the overall macroeconomic flow.  EVE, as in Extra Value Exchange, represents the mechanics of each transaction and the motivation of those involved.  Whereas EVE, as in Extra Value Economics, is a complete economic system revolving around the creation, distribution, and use of EV.  Finally, an EVE economy is a motivation-based economy, where people choose to obtain extra by pursuing the satisfaction of their particular want sets.  The final result is that the more you serve others, the more you receive in return.

You will find that many of these concepts are easily recognizable as most are already operating in your daily life.  Whether you are a home dweller, a drifter, an entrepreneur, or an economist, the immutable economic truths laid out in this book will awaken you to the underpinnings of how life works.

 

Great things abound. Enjoy!

Karl E. Klein