This study examines the rationale(s) that recipients have for participating in HOURS-based local currency loan and grant programs. Case studies, based on interviews of both loan and grant recipients and system coordinators, of Ithaca HOURS and Calgary Dollars local currency systems (LCSs) are presented here. Biggart and Delbridge’s (2004) Systems of Exchange typology, which allows […]
May 23, 2012
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This paper summarizes research conducted by the authors who served as the ad-hoc Disbursement Task Force created by NCPlenty, Inc., the non-profit managing agency for a local currency system in central North Carolina, USA. NCPlenty, Inc. began printing a scrip-based local currency called the PLENTY in October 2002. The PLENTY, or Piedmont Local EcoNomy Tender, […]
May 23, 2012
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Ithaca HOURS are, arguably, the most successful of the local currency experiments of the last two decades. At the height of their popularity in the mid-1990s, perhaps as many as 2,000 of Ithaca and region’s 100,000 residents were buying and selling with HOURS. The high profile of HOURS in the Ithaca community has prompted a […]
May 28, 2012
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