Local Currency Loans and Grants: Comparative Case Studies of Ithaca HOURS and Calgary Dollars

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 for both instrumental (“means calculated”) and substantive (“ends calculated”) bases of rational economic action, provides the theoretical framework for this study. Insight into the rationales that individuals have for seeking a loan or grant can aid HOURS-based LCS coordinators in the development and promotion of these programs. This study also introduces local currency loans and grants to the social science community while demonstrating the applicability of Biggart and Delbridge’s (2004) typology to an understanding of LCSs and similar economic exchange networks characterized by both instrumental and substantive rationales.

Jeff Mascornick Volume 11(2007) A1-22

IJCCR vol 11 (2007) 1 Mascornick

To cite this article: Mascornick, J. (2007) ‘Local Currency Loans and Grants: Comparative Case Studies of Ithaca HOURS and Calgary Dollars’ International Journal of Community Currency Research 11 1-22 <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.2007.002


Corporate Barter and Economic Stabilisation

Twenty-two years of data on North American corporate barter reveal strong counter-cyclical tendencies. Corporate barter changes in the same direction as wholesale inventories, but against changes in capacity utilization or gross domestic product. Standard arguments on the inefficiency of barter need to be seriously reevaluated. The findings have implications for trade and monetary policy, both domestically and internationally.

James Stodder Volume 2(1998) 1

IJCCR Vol 2 (1998) 1 Stodder

To cite this article: Stodder, J. (1998) ‘Corporate Barter and Economic Stabilisation’ International Journal of Community Currency Research 2 <www.ijccr.net> ISSN  1325-9547 http://dx.doi.org/10.15133/j.ijccr.1998.005