Local Money: How to Make it Happen in Your Community

Front Cover
Transition Books, 2010 - Business & Economics - 240 pages
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."

What people are saying - Write a review

We haven't found any reviews in the usual places.

About the author (2010)

Dr Peter North teaches Geography at Liverpool University. He first heard about alternative currencies while doing a Masters in Peace Studies in 1992, and has been exploring local money worldwide since then. He is one of the founder members of Transition South Liverpool.

Bibliographic information