Dmitri Mendeleev on the uniformity in weights, measures, and money: an analysis from the perspective of modern metrology
摘要
The article analyzes the validity of Dmitri Mendeleev’s statement, made in 1867, about the need to maintain the uniformity of weights, measures, and money in order to ensure fair trade and rapprochement of nations. The maintenance of the uniformity of weights, measures, and money is shown to have enabled the states to establish and keep the value of the national currency stable for a long time under the coinage system and the gold standard. This, in turn, ensured confidence in the stable value of money, equality of trading parties, and fair trade within a state that maintains the uniformity of weights, measures, and money. The global financial market system created in the 21st century abandoned the metrological principles of uniform weights, measures, and money, replacing the stable material value of a national currency with its market price. The negative consequences of this step became apparent quite quickly. The value of national currencies was no longer stable, and the international market became unfair. It is shown that fair international trade is impossible in principle under the current global financial market system. The article proposes and justifies the need to return to the uniformity of weights, measures, and money in order to provide stable means of payment and equality of trading parties.