Book « Relative Theory of Money v2.718 » - rev. 1.3.7 (Github rev. )

Introduction to Version 1.0

My experience of economic activities over the last 20 years, ranging from volunteering to entrepreneurship including earning wages, in a system ridden with crisis, which reached its climax in 2007, pushed me to take an interest in money. Until then, it had not stricken me that these social and economic issues could be linked to the very nature of the code which yet governs all exchange activities.

The models applied throughout the financial world are based upon prejudices about the nature of value, and in 2010 are highly influenced by the theoretical developments of quantum mechanics, not for the structure of money, but rather to estimate the risks associated with investment.

Yet, and this is undoubtedly the main contribution of the Relative Theory of Money, we must take into account the challenges of globalization which bring billions of people into developing monetized exchanges, as well as the historical imbalances within intercontinental trades.

However, for this global scale, such ideas should be linked not to Quantum Mechanics, but rather to Relativity, which are the most relevant to get to understand what doesn’t work and to try to bring about the necessary mutations.

An analysis based on the direct economic experience, coupled with a study of the mechanisms of the current monetary system, made me understand that the latter relied on pre-relativist concepts and upon a deep asymmetry, in which centers of monetary issuance are anomalies that are sources of bias.

This book’s aim is not to define the monetary system as it exists, but rather to define what would be an fair currency within space-time, as well as what I call “Relative Money” in that it can only be defined relatively to every independent measurement frame of reference within the system: the element which is linked to every individual citizen within the concerned economic zone.

We will see that it is the fundamental notion of an expanding field of value that allows the comprehension of the economic evolution viewed from a global angle, and which forces us to define a currency, not only by encompassing the economy as it is in the here and now, but also as it will be for future generations. Such an undertaking not only implies redefining the monetary system in accordance with the principle of Relativity (which is a principle of symmetry), but also allowing for an interpretation of the historical economic phenomenon from a new point of view, with new concepts, and therefore a new causal interpretation.

I will finish this introduction by stating the great inner surprise I felt when I discovered the Universal Dividend as the central paradigm of relativist money. I wasn’t really prepared for this conclusion at the inception of this reflection.

At the same time, and I will come back to this, my astonishment was even greater when I discovered Yoland Bresson’s “Time Value” works. Even if the differential equations he proposes differ in their form from those which I established to describe the same notion of value field, we found exactly the same relations between global and local measures. I consequently did not have any problem to translate them into my own theoretical reference in order to understand them.

Whilst Yoland Bresson’s process derived from a theorization of economical exchanges, and mine from a theory of a relativist money, the fact that both approaches lead to a similar result have merely consolidated my conviction of the great relevance of this result, and that is why I asked him towrite the preface of the Relative Theory of Money.

I wished to synthesize the essential conclusions to which I was led, these are moreover profusely illustrated on the website

I wish that the Relative Money Theory helps in establishing the most equitable economy possible, and which would be truly beneficial to all its players; present and future.

-- Stéphane Laborde