INDEP partner organisaton IDA (Initiative Demokratische Arbeitszeitrechnung) published a new brochure, “Labor-Time, Not Money. How Companies Can Calculate with Labor-Time”.
All companies are already facing the challenge of planning. But how can this be done in a socialist way – with labor time instead of money? Economist Günther Sandleben examines this question in the new IDA brochure and shows how an economy based on labor time could 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)
Free Download here.