[OPE] Community currency systems

Powell, Jeff (2002) PETTY CAPITALISM, PERFECTING CAPITALISM OR POST-CAPITALISM? LESSONS FROM THE ARGENTINIAN BARTER NETWORK, Working Paper, Institute of Social Studies, The Netherlands. http://biblio.iss.nl/opac/uploads/wp/wp357.pdf   «For as long as there have been state currencies, there have been attempts to establish private monies. Typically, these initiatives have gathered momentum in periods of economic upheaval; witness the spread of scrip money during the interbellum in Europe and the Great Depression in the United States (Kennedy 1995; Offe and Heinze 1992; Galbraith 1975; Keynes 1936). Typically also, these monies cease to exist when the mainstream economy recovers or are quashed when they begin to threaten the primacy of the national authority. In the last two decades, there has been a remarkable resurgence of non-state monetary systems. Known, amongst other names, as community currency systems, moneda sociale, local exchange systems, or monnaies parallèles, this diverse range of initiatives have several characteristics in common: they are all interest-free monies created by a non-state, not-for-profit actor. Like their predecessors, these initiatives emerge in the wake
 of marginalization from the capitalist economy.»     Regards,A. Agafonow

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Received on Wed Mar 11 12:14:20 2009