Service Exchange – the real basis of economic activity
We don’t exchange value, we exchange service – but this is often indirectly via service credits (of which cash is a successful implementation)
Service vs Services: Why the difference matters
We make a distinction between service (singular) and service (plural). Here’s why, and why it matters
Direct Service Exchange
Service is the fundamental basis of exchange; its most basic form is bilateral direct exchange – where service credits mediate magnitude and temporal differences
Indirect Service Exchange
Indirect exchange is more commonly observed and it masks service as the fundamental basis of exchange
Service Credits
Service credits i) mediate temporal and magnitude of effort differences in service exchange, and ii) lubricate indirect exchange.
Equitable Service Exchange
We don’t expect exchange to be equivalent, but we do expect it to be equitable. When it is not, Seekers may chose not to engage your proposition. Here are the roots of pricing in the progress economy.
Price – Effort expected in return for applying capabilities
Price does not signal value, it signals the effort a Helper expects to get in exchange (direct or indirect) for applying their capabilities to help make progress.
Inequitable exchange – a progress hurdle
Is the Helper requesting more effort in exchange for performing their service than the Seeker feels if fair (equitable)?
