Development-verb Reality of Value

Light to Verb

Filter out possibility from the experience of the infinite to get the manifestation of what you can develop in relationship over time.  In value, this means that the experience of the invitation that most enlivens you now comes into relationship with the living into that invitation through the development of specific dimensions of possibility.  In the transformation from possibility-light to development-verb, you see what you can do to maximize the harmonic vibrancy you seek, and how to develop in relationship capacities needed to step into those possibilities.

Development-Verb

The development-verb experience of value is value exchange.  This is what remains from the possibility-light-level experience of invitation – what of the invitation is to be developed, in relationship, for your experience.  At the development-verb level, you experience value as the flow of light, which shows up in the five primary experiences of relationship.  While it is clear that at very low levels of economic wealth (money), more money increases the sense of well-being, it is also clear now that above a minimal level of monetary wealth, increases in well-being are unrelated to increases in money.[1]

In the development-verb level of value, you seek to manifest access to what you choose in your experience in the light.  This is what you see when you take out possibility from light.  In the verb, you experience the light in fewer dimensions.  The light is still there: you only experience part of it, in the verb form.  This means that the infinite abundance of value in its light form is still there.  You are just experiencing the aspects of it that you are giving your attention to.  As you begin to develop specific potentials in yourself, such as your ability to play soccer with your nephew, does not mean that the light value has gone away now – all of the value you experienced flowing through you by being in a clearer invitation with the potential is still there.  In this moment, you are living the manifestation of it, in specific dimensions.  Understanding that the verb level of value is a geometric projection of light and all of its infinite abundance, reminds you that you are experiencing the abundance of the infinite.  This is completely different than thinking of the verb level of value as an expansion of the noun level, which starts from scarcity, which is the perspective of the scarcity-based approaches that add process and relationship to the allocation of scarce resources.

Value of exchange

What you experience of value at the verb level is access to development and relationship.  This is the excitement of learning, of the new, of deepening your understanding, of curiosity, of ever better relationships, of great times that make your friendships stronger.

Mode of exchange

As you experience value at the verb level, you exchange it in your primary relationships.  As you enter these relationships, the sages of thousands of years have prepared a reminder, a warning.  They called this monére – a warning or reminder.[2]  This early word became the word used today, money.  They warned that, as you enter the primary relationships, you must remember that you are experiencing the verb level of the infinite flow of the light level, in a particular way.  Thus, you should celebrate it, looking for the abundant beauty and truth in what is manifesting of the infinite.  You needed, and still need, a warning to remind you of how easy it is to forget this.

Exchange at the verb level is a special case of being in relationship to the flow of light in all five of your primary relationships (self, other, group, nature, spirit).  You do not exchange what you pay for what you experienced when I did something.  It is not $5 for every smile that you get from every moment of my creative brilliance on stage.  This would be: a flow in me – ka-ching! – results in a flow in you – ka-ching!  For $50 you expect 10 smiles, thus I better give you 10 brilliances.  Rather it is the gift you give me, to take me out of the exchange world for a few moments to be in the flow of possibility-light, so that you can be in the free flow of my creativity.

Value exchange is simultaneously the fantastic experience of the actual flow of light through your life and one of the subtlest, complicating factors of your life.  How you enter the flow, through the agreements you accept, consciously or not, influences whether you experience abundance or scarcity.

Communities worldwide are experimenting with the underlying assumptions of money in their communities.  They are doing this through complementary currencies – monetary currencies that are used as a complement to the national currency.  They typically remove the interest associated with national currencies.  These complementary currencies are often designed to increase the local velocity of money, linking unmet needs with unused resources.  The velocity of money is how much a currency is exchanged in a given period of time within a given geography.  Simply defined, the amount of value exchanged equals the amount of money times the velocity of money.  This means that when $100 comes into a community, it is available for increasing the total value exchanged in the community.  Most currencies promote coming into the community, say via wages and then be spent at a large store, which usually takes the money right back out of the community.  It was exchanged once.  That was $100 within the community.  However, local communities that promote local use might cause that same $100 to be used a dozen times locally before it leaves the community.  This would be $1,200 of total value exchanged with that $100.  This greatly increases the local output.

Bernard Lietaer documents over 4,800 complementary currencies globally since 1984.[3]  This includes the exchange of hours for national currency, hours for hours, local exchange trading systems of interest-free money, and systems that put a premium on the flow of money, penalizing the store of money.[4]

As an expression of the five primary relationships, complementary currencies engage the development of the individual’s unique gifts, recognition of the other’s gifts, and the benefit of local circulation for the group.  They also specify what is important within the local currency, promoting the flow of that value in the community.  These systems also acknowledge the high leverage of being explicit about what the group wants to promote, why people should exchange value in a particular way, and making that way most efficient.  Most complementary currencies focus on increasing the sufficiency people experience in their lives, which is a deep move from the scarcity invoked by national currencies.

From the harmonic-vibrancy move perspective, complementary currencies move one’s relationship with their own self from taking jobs for fiat currency to engaging in the flow of creativity through unique services provided.  While the fiat currency promotes self-interest, complementary currencies promote relationship building through value exchange networks.  They also promote and acknowledge contributions to and the health of the group.  One’s relationship with nature and spirit are not directly acknowledged in most of these systems.

Distribution of value in exchange

At the verb level, the distribution of value generated in the exchange focuses on who is participating in the development and relationships in the verb flow.  Simply put, who does and has gets a part of the flow.  Those who participate in the inflows and outflows perceive some of the value.

In economics, capitalism is privately owned land and capital, with capital being everything that is not land or labor.[5]  From an ecosynomic lens, capital is the accumulation of the net-flow – inflows less outflows, which are the manifestations of possibility-light flow, in and out.  Possibility flows through me in the act of creating something someone else needs.  When this creative value is exchanged, when the individual “pays” you, value flows in for you (money in).  When you “pay” for a need you have that someone’s creative flow satisfies, value flows from you (money out).  The net difference of the flow in and the flow out is the “capital” you are accumulating.   If what flowed in and what flowed out were symbolic representations of the flow of light-Spirit (creativity), what does it mean to accumulate the net-flow of light-Spirit?  Massive experimentation is exploring the localizing of agreements of what is valued and how it is exchanged.

There resides within the living of agreements a particular human sense of relationship seldom captured by the rules of economics.  Nobel Laureate Stiglitz describes this, “Alexis de Tocqueville once described what he saw as a chief part of the peculiar genius of American society—something he called “self-interest properly understood.”  The last two words were the key.  Everyone possesses self-interest in a narrow sense: I want what’s good for me right now!  Self-interest “properly understood” is different. It means appreciating that paying attention to everyone else’s self-interest – in other words, the common welfare – is in fact a precondition for one’s own ultimate well-being.  de Tocqueville was not suggesting that there was anything noble or idealistic about this outlook – in fact, he was suggesting the opposite. It was a mark of American pragmatism. Those canny Americans understood a basic fact: looking out for the other guy isn’t just good for the soul – it’s good for business.”[6]

The distributive question highlights the formal description of the verb level of value.  As you live into the increasing development of the potential value you saw, you begin to perceive that value.  You perceive it through both the flow and the change in the accumulation.  This describes your verb-level formulation.  The something you experience changes.  It increases from one level (X1) to another (X2).  The difference you experience is the change in that something (dX).  The change you perceive happens through development, from one time (t1) to another (t2).  The time elapsed between the two is the time to develop, in relationship, the new something you saw (dt).  This leads to the formalization of the value experienced at the verb level:

Value(verb) = dX/dt

This formulation shows that whoever influences the inflows and outflows, through their development and the relationships that influence them perceives more value.  This puts a premium, at the verb level, in being the value, doing the value, and having the value – wealth comes from all three at the same time.


[1] These findings are described in many forum lately.  See the “Happiness (and how to measure it)” cover story of The Economist in the December 23rd 2006-January 5th 2007 issue.  For a summary of this research, see (Kahneman & Krueger, 2006; Kahneman, Krueger, Schkade, Schwarz, & Stone, 2006).

[2] The etymology of “money” is uncertain, according to the Oxford English Dictionary, with possible connections to the Latin monére, which means “to warn, remind,” see (“money, n” The Oxford English Dictionary. 2nd ed. 1989. OED Online. Oxford University Press. 4 Apr. 2000 <http://dictionary.oed.com.ezp-prod1.hul.harvard.edu/cgi/entry/00313968&gt;.).

[3] For an in-depth study of complementary currencies, see (B. A. Lietaer, 2001; Teague, 2010a) and visit spiritofmoney.net.  For the number of complementary currencies, see www.greenenergyinvestors.com/index.php?showtopic=5274 or (B. Lietaer, 2003, p. 12).  Bernard Lietaer estimates there are over 5,000 community currency systems in operation, as of 2009, as cited in (Gelleri, 2009).  Another estimate in 2006 was 4,000 (Wheatley, 2006).

[4] For more on complementary currencies, see www.transaction.net/money/comp/.

[5] This definition comes from Nobel Laureate Samuelson (Samuelson & Nordhaus, 1995).

[6] This quote comes from Stiglitz’s writings in (Stiglitz, 2011).  Economists Heilbroner and Thurow describe the limitation of the free market system of determining who gets what part of the value exchanged, “the system has the defects of its virtues.  If it is efficient and dynamic, it is also devoid of values.  It recognizes no valid claim to the goods and services of society except those of wealth and income.  Those with income and wealth are entitled to the goods and services that the economy produces; those without income and wealth receive nothing” (R. Heilbroner & Thurow, 1994, p. 183).

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2 thoughts on “Development-verb Reality of Value

  1. Pingback: Transforming Value from Possibility to Need-Satisfaction | Institute for Strategic Clarity

  2. Pingback: Transforming Value from Possibility to Need-Satisfaction « Jim Ritchie-Dunham

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