https://www.superphysics.org/social/economics/principles/part-1/chapter-03/section-03/ Recent content in Pointization on Superphysics Hugo en Wed, 24 Aug 2022 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-1/chapter-03/section-03/unit-01/ Thu, 20 Aug 2020 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-1/chapter-03/section-03/unit-01/ <p>The previous section explained how points-valuation works by converting the money-price of things into a points-price.</p> <p>Points facilitate economic democracy by pegging value to the retail price of grains.</p> <p>However, this creates short term, small-scale volatility since grain prices can change daily, but in small amounts.</p> https://www.superphysics.org/social/economics/principles/part-1/chapter-03/section-03/unit-02/ Wed, 24 Aug 2022 00:00:00 +0000 https://www.superphysics.org/social/economics/principles/part-1/chapter-03/section-03/unit-02/ <p>Chapter 2 explained the concept of minimum needs which is a key effect of the 1st Law of Value.</p> <p>The previous unit explained points-valuation as the conversion of nominal value into common food commodities as a common store of value.</p>