Commodity Value Measurement and Connotative Value Currency
Theoretical Economics Letters, 2020, 10, 535-544 https://www.scirp.org/journal/tel ISSN Online: 2162-2086 ISSN Print: 2162-2078 Commodity Value Measurement and Connotative Value Currency Jinjun Cheng1, Dian Cheng2 1Anhui Development and Reform Commission, Hefei, China 2Pudong Development Bank Hefei Branch, Hefei, China How to cite this paper: Cheng, J. J., & Abstract Cheng, D. (2020). Commodity Value Mea- surement and Connotative Value Currency. Goods of utility, in the final analysis, contain two parts of natural value and Theoretical Economics Letters, 10, 535-544. labor value: the natural value is created by god and given to us for free, the https://doi.org/10.4236/tel.2020.103034 labor value is the human labor which is condensed in the commodity without Received: April 26, 2020 any difference, and the commodity value is reflected by the labor value. The Accepted: May 24, 2020 essence of human labor is the process of consuming the energy and life time Published: May 27, 2020 of the body and doing physical work to the object of labor. The value of labor, W, is the square root of the product of the energy consumed by the worker, E, Copyright © 2020 by author(s) and Scientific Research Publishing Inc. and the time spent on labor, T (W = ET ). By discovering the formula of This work is licensed under the Creative commodity labor value, we can design a new currency that conforms to the Commons Attribution International principles of freedom and fairness—the Talent (symbol: Ω|| ), whose value License (CC BY 4.0). || http://creativecommons.org/licenses/by/4.0/ corresponds to its value: 1 Ω = 1 JS⋅ , J is joules, S is seconds.
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