Designing postcapitalist finance in <i>Protocols for Postcapitalist Expression</i>

Abstract Protocols for Postcapitalist Expression , the Economic Space Agency’s latest experiment in radical economic design, explores the possibility of designing a digitally native economy that is geared towards care, the arts, and the environment, and which not only refuses to give up on the financial frontiers of contemporary capitalism, but actively seeks to marshal them towards innovative ends. The architecture of a novel economic space comes into view through a set of protocols, which integrate economic information within a social value framework. This ‘Economic Space Protocol’ involves crafting a new grammar for economic information production processes that have traditionally been tied to competitive market behavior. This essay interrogates the place of finance in the book, emphasizing price discovery’s generativity with regards to information. What is necessary in the imagination of any postcapitalist future are radical design initiatives that contend with both the necessity and the limits of the price discovery process.

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Publication Details

Journal
Finance and Society
Published
2024-11-15
DOI
https://doi.org/10.1017/fas.2024.13
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.00
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article

Designing postcapitalist finance in Protocols for Postcapitalist Expression

William R. Morgan
Finance and Society
Blockchain Technology Applications and Security
article

Designing postcapitalist finance in Protocols for Postcapitalist Expression

William R. Morgan
article en

Abstract

Abstract Protocols for Postcapitalist Expression , the Economic Space Agency’s latest experiment in radical economic design, explores the possibility of designing a digitally native economy that is geared towards care, the arts, and the environment, and which not only refuses to give up on the financial frontiers of contemporary capitalism, but actively seeks to marshal them towards innovative ends. The architecture of a novel economic space comes into view through a set of protocols, which integrate economic information within a social value framework. This ‘Economic Space Protocol’ involves crafting a new grammar for economic information production processes that have traditionally been tied to competitive market behavior. This essay interrogates the place of finance in the book, emphasizing price discovery’s generativity with regards to information. What is necessary in the imagination of any postcapitalist future are radical design initiatives that contend with both the necessity and the limits of the price discovery process.

Finance and SocietyVol. 10(3)
University of California, Berkeley (US)
Decent work and economic growth
Openalex Percentile: Top 68%
Blockchain Technology Applications and Security
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