Thank you. I always appreciate a serious, thoughtful Reply, especially one that includes knowledge that is new to me.

I like your theory. Would you say that makes the money/wealth of people a byproduct of production?

People must have money to acquire what they need, much less any further wants. My work in economics has centered around the problem of justice where money/wealth is concerned.

To that end I have sought to treat money as a purely facilitative instrument in the production/acquisition of goods/services--and, ultimately, to treat the revenues of businesses as something separate from all/any personal income. So your theory does seem to mesh well with the approach to money in my economic proposal.

In it money is created as needed (straightforwardly, without involving debt) to fund a (sufficient) guaranteed minimum income for (adult) citizens and--because why not?--to fund all government (based on the current per capita total government spending), eliminating using taxes/public debt for that purpose (as long as public spending anywhere does not surpass the allocated funding). The total of that funding becomes the supply of--free--money, as currency, for the economy. (A mechanism is needed to return money to its source--either the central bank or some entity created to administer that monetary function--but in my proposal the economy is fully self-regulating; the amount of money returned is solely a function of the ongoing process of producing/acquiring goods/services.)