Introduction to version 1.0

My experience of economic activities over the last 20 years, which went from volunteering to entrepreneurship passing by wage earning, in a system ridden with crisis, which was it’s paroxysmal peak in 2007, pushed me to be interested in money. Hitherto, it didn’t strike me that these social and economic issues could be linked to the nature of the code which governs all exchange activities.

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

Therefore and without doubt through the contribution of the Relative Theory of Money, we must take into account the fact of globalization which has led to billions of people developing monetized exchanges, as well as the historical imbalances within intercontinental trade.

However, for this global scale, such ideas should be linked not to Quantum Mechanics, but rather to Relativity, which is the most relevant theory for the hope of understanding what doesn’t work, and for trying to bring about the necessary mutations.

An analysis based on my economic experience, coupled with a study of the mechanisms of the actual monetary system, made me understand that this latter relied on pre-relativist concepts and upon a deep asymmetry, which has caused centers of monetary issuance anomalies that represent sources of bias.

The book’s aim is not only to define the monetary system as it exists, but equally to define what would be an equitable money within space-time, as well as that which I call “relative money” in that it can only be defined relatively to every independent measure within the system: the element which is linked to each individual citizen within the concerned economic zone.

We will see that this is the fundamental notion of an expanding field of value which allows the comprehension of the economic evolution undertaken from a global angle. That which forces us to define money. This is undertaken 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 implies not only redefining the monetary system in agreement 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, of new concepts, and therefore a new causal interpretation.

I will finish this introduction by pronouncing the great surprise which I felt when I discovered the Universal Dividend as a 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 equation differentials he proposes differ in form from those which I established to describe the same notion of value field, we found exactly the same related set of global measures and locals factors. I consequentially did not struggle to translate them into my own theoretical reference in order to understand them.

Whilst Yoland Bresson’s process derives from a theorization of economics exchanges, and mine from a theory of 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’s why I requested that he should write the preface of the Relative Theory of Money.

I desired to synthesize the essential conclusions to which I was led, these are moreover profusely illustrated on the website http://www.creationmonetaire.info.

I wish that the Relative Money Theory could help in establishing the most equitable economy possible, this would be truly beneficial to the whole body of people; present and future.

-- Stéphane Laborde