New article: Paradigms in currency research

‘Monetary Plurality’ and ‘Currencies for an Alternative Economy’: Two paradigms of complementary currency research

Rolf Schroeder

Independent Author. Email: rolfschroeder.h@t-online.de

Abstract

Many practitioners and researchers in this field consider money to be the centrepiece of complementary currencies. This paper identifies a second line of thinking, through which the discourse on an ‘alternative economy’ had a significant influence on the development of these social innovations during the 1980s and 1990s. This article discusses two questions: The first one concerns the influence of, and the relationship between these two lines of thought. A monetary focus gradually superseded earlier interpretations of these systems and eventually occupied a dominant position. Is there sufficient common ground between researchers of cryptocurrencies and traditional complementary currencies to share a single discourse network? The second question concerns the potential of local currencies with strictly limited convertibility. Against the background of an impending recession this article offers a perspective of how newly designed complementary currencies can become viable elements of an alternative economic structure beside the capitalism economy.

Keywords

Complementary Currencies, Monetary Diversity, Alternative Economy, Money, Boundaries.

Article Schroeder

To cite this article: Schroeder, R. (2020) ‘‘Monetary Plurality’ and ‘Currencies for an Alternative Economy’: Two paradigms of complementary currency research’ International Journal of Community Currency Research Volume 24 (Summer 2020) 101-115; http://www.ijccr.net; ISSN 1325-9547; DOI http://dx.doi.org/10.15133/j.ijccr.2020.015

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