Projects per year
Abstract
Parallel sustainable monetary systems are being developed by civil society groups and non-governmental organisations (NGOs), informed by ecological economics perspectives on development, value, economic scale and growth, and responding to the unsustainability of current global financial systems. These parallel systems of exchange (or community currencies) are designed to promote sustainable development by localising economic development, building social capital and substituting for material consumption, valuing work which is marginalised in conventional labour markets, and challenging the growth-based monetary system. However, this international movement towards community-based ecological economic practices, is under-researched. This paper presents new empirical evidence from the first international study of the scope and character of community currencies. It identifies the diversity, scale, geography and development trajectory of these initiatives, discusses the implications of these findings for efforts to achieve sustainable development, and identifies future research needs, to help harness the sustainability potential of these initiatives. © 2012 Elsevier B.V.
Original language | English |
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Pages (from-to) | 65-77 |
Number of pages | 13 |
Journal | Ecological Economics |
Volume | 86 |
Early online date | 9 Dec 2012 |
DOIs | |
Publication status | Published - Feb 2013 |
Keywords
- Complementary currencies
- Community currencies
- LETS
- Time banks
- New economics
- Grassroots innovations
- Sustainable development
- Degrowth
Projects
- 1 Finished
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Harnessing Grassroots Innovations: Complementary Currencies And Sustainability
Seyfang, G.
1/03/10 → 31/07/13
Project: Research
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What influences the diffusion of grassroots innovations for sustainability? Investigating community currency niches
Seyfang, G. & Longhurst, N., 2016, In: Technology Analysis and Strategic Management. 28, 1, p. 1-23Research output: Contribution to journal › Article › peer-review
Open AccessFile156 Citations (SciVal)62 Downloads (Pure) -
Complementary Currencies: The state of the art
Longhurst, N. & Seyfang, G., 2011, In: International Journal of Community Currency Research. 15, DResearch output: Contribution to journal › Special issue › peer-review