First Micro-Simulation Model of a LEDDA Community Currency-Dollar Economy

Results are presented for a first-in-class microsimulation model of a local-national currency system. The agent-based, stock-flow consistent model uses US Census income data as a starting point to project the evolution of local currency (community currency) and dollar flows within a simplified county-level economy over a period of 28 years. Changes in the distribution of family income are tracked. The community currency system under investigation is the Token Exchange System (TES), a component of the larger Local Economic Direct Democracy Association (LEDDA) framework under development by the Principled Societies Project. The model captures key design features of a TES, and results suggest parameter ranges under which the simulated TES is capable of achieving stated aims. Median and mean take-home family income more than double during the simulation period, income inequality is nearly eliminated, and the un- employment rate drops to a 1 percent structural level. The need for more sophisticated modeling of a TES, and avenues of future research, are discussed.

John Boik

To cite this article: Boik, J. (2014) ‘First Micro-Simulation Model of a LEDDA Community Currency-Dollar Economy’ International Journal of Community Currency Research 18 (A) 11-29 <www.ijccr.net> ISSN 1325-9547 http://dx.doi.org/10.15133/j.ijccr.2014.002

IJCCR 2014 Boik

Appendix

Advertisements

A Counter-Hegemonic Discourse of Economic Difference: A Critical Discourse Analysis of Timebanking in the United States

Timebanking provides an empirical entry point into a better understanding of the discursive strategies used to legitimize alternative currencies. Theoretically this study uses a post-Marxist perspective, particularly the work of Ernesto Laclau and Chantal Mouffe. Methodologically it uses the mixed methodology of a corpus linguistics approach to critical discourse analysis to examine the websites of 334 timebanks in the United States. Findings include identifying how ideas of strengthening community and social bonds are used by timebanks to construct discursive antagonisms to capitalism. Contributions of this study include extending Laclau and Mouffe’s work on radical political participation to J.K. Gibson-Graham’s conceptualization of economic difference. This study also demonstrates how a corpus linguistics approach to critical discourse analysis allows for deeper understanding of counter-hegemonic discursive strategies used by alternative economic exchanges. Suggestions for future research are provided.

Julie Steinkopf Rice

To cite this article: Rice, J. (2014) ‘A Counter-Hegemonic Discourse of Economic Difference: A Critical Discourse Analysis of Timebanking in the United States’ International Journal of Community Currency Research 18 (A) 1-10  <www.ijccr.net>  ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2014.001

IJCCR 2014 Rice

2014 Book reviews

Our round-up of the latest books on community currencies – we add to this section throughout the year.

The Heretic’s Guide to the Future of Finance: Hacking the Future of Money by Brett Scott (2013). Reviewed by Marie-Adélaïde Matheï

Alternative Economies and Spaces: New perspectives for a sustainable economy edited by Hans-Martin Zademach and Sebastian Hillebrand (2013) Reviewed by Gradon Diprose 

IJCCR 2014 book reviews

To cite this article: ‘Book Reviews’ (2014) International Journal of Community Currency Research 18 (A) <www.ijccr.net> ISSN 1325-9547 http://dx.doi.org/10.15133/j.ijccr.2014.003