Money sequence of value

This is a term used in Zeitgeist Moving Forward - see previous post - along with "life sequence of value". This website explains the concepts quite well, I thought:


http://www.proz.com/kudoz/english_to_bulgarian/finance_general/4205519-money_sequence_of_value.html

Today, in every economy of the world, regardless of the social system they claim, money is pursued for the sake of money and nothing else. The underlying idea, which was mysteriously qualified by Adam Smith with his religious declaration of the invisible hand, is that the narrow, self-interested pursuit of this fictional commodity will somehow magically manifest human and social well-being and progress. The reality is that the monetary incentive interest, or what some have termed the “money sequence of value”, has now completely decoupled from the foundational life interest, which could be termed the “life sequence of value”.

What has happened is that there is a complete confusion in economic doctrine between those two sequences. They think the money sequence of value delivers the life sequence of value, and that’s why they say if more goods are sold, if GDPs rise and so on and so forth, therefore there will be more well-being, and hence we can take the GDP to be basic indicator of social health. Well, there you see the confusion – it’s talking about money sequences of value, that is all the receipts, all the revenue that have arrived from selling goods, and they’re confusing that with life reproductions. So that [sc: what] you have built into this thing right from the beginning is a complete conflation of the money and life sequences of values.