Time banking Time banking is a pattern of reciprocal service exchange that uses units of time as currency. It is an example of a complementary monetary system. A time bank, also known as a service exchange, is a community that practices time banking. The unit of currency, always valued at an hour's worth of any person's labor, used by these groups has various names, but is generally known as a time dollar in the USA and a time credit in the UK. Origins and philosophy According to Edgar S. As a philosophy, time banking also known as Time Trade is founded upon five principles, known as Time Banking's Core Values: Everyone is an assetSome work is beyond a monetary priceReciprocity in helpingSocial networks are necessaryA respect for all human beings Ideally, time banking builds community. [the time bank] involves everybody coming together as a community . . . the Gorbals has never—not for a long time—had a lot of community spirit. Time banking and the time bank The time dollar
Greece develops cashless, Euro-free currency in tight economy By The GuardianFriday, March 16, 2012 10:09 EDT Jon Henley, The Guardian A determination to ‘move beyond anger to creativity’ is driving a strong barter economy in some places In recent weeks, Theodoros Mavridis has bought fresh eggs, tsipourou (the local brandy: beware), fruit, olives, olive oil, jam, and soap. None of it has cost him a euro, because he had previously done a spot of electrical work – repairing a TV, sorting out a dodgy light – for some of the 800-odd members of a fast-growing exchange network in the port town of Volos, midway between Athens and Thessaloniki. In return for his expert labour, Mavridis received a number of Local Alternative Units (known as tems in Greek) in his online network account. “It’s an easier, more direct way of exchanging goods and services,” said Bernhardt Koppold, a German-born homeopathist and acupuncturist in Volos who is an active member of the network. “They’re quite joyous occasions,” she said.
michael linton Le système des SEL dont j’ai déjà parlé , vient initialement du Canada. C’est en 1983 , sur l’île de Vancouver à l’extrême Ouest canadien, que Michael Linton a mis en place le premier LETS – Local Exchange Trading System – qui avait pour vocation de rationaliser le troc entre personnes dans cette région où le chômage sévissait durement. Cette expérience a finalement fait faillite, mais a eu un retentissement mondial. De nombreux LETS se sont par la suite organisés. C’est ainsi que le premier SEL a été créé en Ariège en 1994, et il y en a aujourd’hui plus de 350 recensés en France . Un LETS est donc un système d’échange de services et de biens. Le système monétaire utilisé est variable selon les LETS : Certains LETS utilisent une monnaie basée sur le temps (une heure de service vaut 60 unités, par exemple) ; D’autres organisent leur monnaie en l’indexant sur la monnaie nationale -mais en fonctionnant sans intérêt -.
Time-based currency In economics, a time-based currency is an alternative currency where the unit of exchange is the person-hour. Some time-based currencies value everyone’s contributions equally: one hour equals one service credit. In these systems, one person volunteers to work for an hour for another person; thus, they are credited with one hour, which they can redeem for an hour of service from another volunteer. Critics charge that this would lead to fewer doctors or dentists. Other systems, such as Ithaca Hours, let doctors and dentists charge more hours per hour. Early time-based currency exchanges Edgar S. Time Dollars Time Banks Time banking Time banking is a pattern of reciprocal service exchange that uses units of time as currency. Origins and philosophy According to Edgar S. As a philosophy, time banking also known as Time Trade is founded upon five principles, known as Time Banking's Core Values: Ideally, time banking builds community. Dr.
About Shareable Shareable is an award-winning nonprofit news, action and connection hub for the sharing transformation. What’s the sharing transformation? It’s a movement of movements emerging from the grassroots up to solve today’s biggest challenges, which old, top-down institutions are failing to address. Behind these failing industrial-age institutions are outmoded beliefs about how the world works – that ordinary people can’t govern themselves directly; that nonstop economic growth leads to widespread prosperity; and that more stuff leads to more happiness. Amid crisis, a new way forward is emerging – the sharing transformation. New and resurgent solutions are democratizing how we produce, consume, govern, and solve social problems. The sharing transformation shows that it’s possible to govern ourselves, build a green economy that serves everyone, and create meaningful lives together. We at Shareable can say this because we’ve experienced the sharing transformation ourselves. So join us.
Peer-to-peer lending Peer-to-peer lending (also known as person-to-person lending, peer-to-peer investing, and social lending; abbreviated frequently as P2P lending) is the practice of lending money to unrelated individuals, or "peers", without going through a traditional financial intermediary such as a bank or other traditional financial institution. This lending takes place online on peer-to-peer lending companies' websites using various different lending platforms and credit checking tools. Overview The interest rates are set by lenders who compete for the lowest rate on the reverse auction model, or are fixed by the intermediary company on the basis of an analysis of the borrower's credit. Borrowers assessed as having a higher risk of default are assigned higher rates. Characteristics The key characteristics of peer-to-peer lending are: Early peer-to-peer lending was also characterized by disintermediation and reliance on social networks but these features have started to disappear.
Complementary Currency Resource Center Le blog de unselenmoselle | Timebanking UK Reclaiming the commons for the common good: A book launch and common cause networking event | Canadian Centre for Policy Alternatives Calling all activists and would-be activists to join in a conversation with author Heather Menzies on connecting with each other and with the earth. Activists from a range of groups will share experiences from action projects, and consider tactics towards restoring the common good to local and global governance. Come and engage! Date: Wednesday, May 21, 2014Time: 7:00 PM Location: VPL Central Library – Alma VanDusen & Peter Kaye Lower Level Central Library 350 West Georgia St. Cost: FREE!