Social Comptabilism The Cheque and Clearing Service in the Austrian Postal Savings Bank. Proposed Law laid before the Chamber of Representatives of Belgium

"Social Comptabilism" by Ernest Solvay is a late 19th-century scientific exploration of a revolutionary economic idea. The work imagines a society where money is replaced by a system of recorded transactions, eliminating the need for physical currency. Solvay suggests that this account-keeping approach could simplify trade, improve economic relationships, and bypass the common issues linked to fluctuations of monetary value. Solvay argues that money, though helpful in commerce, isn't essential, if legal and efficient bookkeeping can track transactions. The book discusses the potential simplification of trade and enhanced economic relations without money's instability, using examples such as Austrian systems to demonstrate this theoretical framework. In effect, according to Solvay, value and credit could be maintained entirely through a "social comptabilism" system.