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The Integral Accounting system is an attempt, by no means exhaustive, to identify value attributes other than, but also including, money. By assessing and accounting for value as part of a system, in every interaction, we, Global Innovation Commoners, open the possibility to explicitly assess ecosystems for the existence of multiple value sources and seek to understand community values, thereby organizing our endeavors to optimize all value for balanced wealth recognition.
Within the Global Innovation Commons framework, we use the following six aspects to assess value:
- Commodity – elements present in communities which, through cultivation, production, or value-add, can be used to generate means of social or commercial engagement. These include those things that, like potential energy, can be used or transformed to add utility, value or exchange but in whose natural or unaltered state preserve equal capacity for use and value to anyone (think of them as the ingredients that can be assembled for supporting life, enterprise, and exchange); examples of commodity are food, water, materials, land, plants, seeds, livestock, renewable, extractions;
- Custom & Culture – practices and expressions of individual or community held values and traditions which create a context for social interactions. This include expressions of social values, priorities and memes that may be shared or expressed in solitude, gatherings, inter-personal interactions, or communities and may take the form of art, music, literature, aesthetics, kinesthetics, rites, taboo, honor, respect, title, ceremony, ecology, environment, and rituals;
- Knowledge – information and experiential awareness which can be transmitted through language, art, or other expressions. This includes the acquisition and transfer of information and awareness in a mode that can stimulate perpetuation or expansion of understanding and creativity; examples of knowledge include literacy, civil society, trade, marketing, socialengineering, negotiation, and stories;
- Money – a mode of transmitting and recognizing value exchange using physical or virtual surrogates including currency, systems of credit and barter and engaging any artifact constituting a consensus of recognized value exchange which, itself, is devoid of the value it represents; some examples of money are currency, trade credits, debt, equity, futures, bonds, and contracts;
- Technology – artifacts or schemes by which value-added experiences and production can be effectuated including any thing, action, or utility which allows for the manifestation of spatially and temporally defined tangible or intangible artifacts or events; examples of technology are appliances, tools, logistics, processing, communications, power, and infrastructure; and
- Well-being – the capacity for any person or ecosystem to function at their optimal level where conditions are suitable for a person to be at liberty to fully engage in any activity or social enterprise entirely of their choosing as and when they so choose; some examples of well being are health, sanctuary, medicine, inalienable rights, equitable and gainful engagement, fellowship, and fun.
The six aspects of Integral Accounting in order:
In any Commons endeavor, when we start with an understanding of the value that already surrounds us, it becomes much easier to innovate without constraint. Pointing out value where value goes unseen may benefit other commoners to possibilities or options hidden from view.
To read more about integral accounting including in-depth examples and explanations of each aspect, please read the attachments below.