Local Money

Local Money : How to Make it Happen in Your Community

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In past recessions and depressions across the world, communities have reclaimed the power that the bankers hold by creating their own forms of money and "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 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. The book 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."show more

Product details

  • Paperback | 240 pages
  • 220 x 220 x 20mm | 780.17g
  • UIT Cambridge
  • Transition Books
  • Totnes, United Kingdom
  • English
  • 1900322528
  • 9781900322522
  • 276,437

Review quote

"If you're ready to embark on the rather exciting journey of loacl money in your town, this is the most helpful book I've come across so far."--Make Wealth Historyshow more

About Peter North

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

Table of contents

Foreword by Rob Hopkins Introduction The vision PART ONE: THE JUSTIFICATION Chapter 1 The money we have Chapter 2 What is money - and can we change it? Chapter 3 Localisation PART TWO: ALTERNATIVE CURRENCY MODELS 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 PART THREE: TRANSITION CURRENCIES 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 PART FOUR: TOWARDS RESILIENT LOCAL ECONOMIES Chapter 16 Towards a deeper ecosystem of currencies and local finance Chapter 17 Some closing thoughts References Resourcesshow more