One of the most contentious aspects of the debate about Local Exchange and Trading Systems (LETS) concerns the benefit system. Whereas other nations have amended the rules of their social security systems in order to facilitate participation in LETS, this has not been the case in the UK. This article is based upon a short, […]
May 22, 2012
Comments Off
This paper sets out to describe and analyse Local Exchange and Trading Systems (LETS) in economic terms. A LETS performs three main functions: the provision of transaction management services, credit, and market matching. LETS is an alternative form of money. A LETS is in (economic) theory attractive because: it provides cheap and flexible credit; allows […]
May 22, 2012
Comments Off
The Tianguis Tlaloc local currency system, first initiated in 1994 and re-initiated in 1996 is the one of the longest-running community currency systems in the global south. The system is a hybrid LETS-HOURS design, which is to say a system of “cheque-notes” withdrawn from accounts. At the time of writing it was the only known […]
May 22, 2012
Comments Off
Up until now, the vast majority of research on community currencies has focused upon their development in advanced economies. The aim of this short article, however, is to present some evidence on the growth of community currencies outside these western advanced economies. Reporting on the Global Exchange Network in Argentina, this paper shows how in […]
May 22, 2012
Comments Off
Modern domestic barter systems are operating in Australia and other high income countries at the local community level, and at the national level for business exchanges. These exchange regimes appear to have become institutionalised in a macro-marketing system that is organised on the primacy of market exchange based on price as the co-ordinating device. This […]
May 22, 2012
Comments Off
The literature dealing with LETS has regarded them primarily as economic associations and, in so doing, may have overlooked other features of LETS that are equally important. This paper aims to rectify some of that neglect by focusing upon the motivational values of LETS members. Whilst it has been recognised that a significant proportion of […]
May 22, 2012
Comments Off
Colin C Williams Volume 4(2000) 0 IJCCR Vol 4 (2000) 0 Editorial
May 22, 2012
Comments Off