Economics
Economists are often asked to analyse real-world problems.
As a result Economists study and discuss many things for example, the price-mechanism, elasticity of demand, world-trade flows, balance of payments, reserve currencies and many other things. Macro Economists will have studied the Gold Standard, Keynesian Economics, The Bretton Woods Agreement and its break-down, Monetarism, and other big picture topics. Some maybe aware of the idea of the Bancor – a world currency proffered by Keynes in 1944. The Wocu is in a direct line from that initiative.
Much potential trading in today's world is still-born because of the casino effect of Currency Volatility. The Wocu aims to be oil in the engine of world-trade and not a tax upon it like say the Tobin Tax by reducing volatility not to zero but to a handle-able level.
Whether Economics can be a value-free study is much discussed. Maybe most Economics is a subset of Political Economy however we claim the Wocu is apolitical because it is built upon an algorithm based on GDP and IMF figures. WDX who own the Wocu IPR are independent of opinions but those WDX have heard seem to be broadly and strongly supportive of the Wocu.
