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Even today, all businesses are required to plan. But how can they do this using labor time instead of money? Economist Guenther Sandleben explores this question in this new IDA brochure, demonstrating how an economy based on labor time would promote transparency, efficiency, and social justice.
In a society freed from the law of value, work becomes a public matter. In principle, everyone has insight into accounting books and labor-time calculations. This transparency prevents even minor fraud. The appropriation of other people’s labor would be immediately uncovered.
(G. Sandleben)