Local Money

Local Money : How to Make it Happen in Your Community

3.84 (13 ratings by Goodreads)
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The economic crisis and the bailing out of the banks by taxpayers has made us all aware of the vulnerability of our financial system. We need to think urgently about how to reclaim the power that the bankers hold. In past recessions and depressions across the world, communities have done just that - by creating their own forms of money. Local Money shows how this is possible.

This book is an inspiring guide that helps you understand what money is and how you can create money that stays in the community - building loyalty between consumers and local traders rather than losing wealth to the corporate chain stores. It explains how alternative currencies can work with local banks and credit unions to strengthen the local economy, supporting the local production of necessities such as food and energy while helping to reduce the community's carbon emissions.

Local Money draws on the long history of local currencies, from Local Exchange Trading Schemes and `time banks' to paper currencies such as BerkShares, Ithaca `Hours' and German regional currencies, which circulate between local businesses as an alternative to their losing trade to the `big box' retailers. The story culminates in the development of the first Transition currencies, the Totnes, Lewes, Stroud and Brixton Pounds.
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Product details

  • Paperback | 240 pages
  • 220 x 220 x 20mm | 780.17g
  • Transition Books
  • Totnes, United Kingdom
  • English
  • 1st
  • 1900322528
  • 9781900322522
  • 353,108

Table of contents

Foreword by Rob Hopkins

Introduction The vision


Chapter 1 The money we have

Chapter 2 What is money - and can we change it?

Chapter 3 Localisation


Chapter 4 A brief history of alternative currencies

Chapter 5 Local Exchange Trading Schemes

Chapter 6 Time banking

Chapter 7 Ithaca and other `Hours'

Chapter 8 Argentina's barter networks

Chapter 9 German regional currencies

Chapter 10 BerkShares


Chapter 11 The first Transition currency: the Totnes Pound by Noel Longhurst

Chapter 12 Build the world anew: the Lewes Pound

Chapter 13 The Stroud Pound Co-op: a local currency for the Five Valleys with Molly Scott Cato

Chapter 14 Local money in a global city: the Brixton Pound

Chapter 15 How to do it: starting and building a local currency


Chapter 16 Towards a deeper ecosystem of currencies and local finance

Chapter 17 Some closing thoughts


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Review quote

"If you're ready to embark on the rather exciting journey of local money in your town, this is the most helpful book I've come across so far." * Make Wealth History * "Transition groups and others interested in finding alternatives to big money and the big banks will find plenty to stimulate their efforts as they work to biuld a resilient economic future for their communities." * Blackmore Vale Magazine *
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About Peter North

Peter North teaches Geography at Liverpool University. He is one of the founding members of Transition South Liverpool.
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Rating details

13 ratings
3.84 out of 5 stars
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3 38% (5)
2 0% (0)
1 0% (0)
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