2013
DOI: 10.1177/0961463x11422279
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Time against time: Normative temporalities and the failure of community labour in Local Exchange Trading Schemes

Abstract: Why did Local Exchange and Trading Schemes (LETS) fail to realise their promise in 1990s Britain? This article argues that a core reason was the inability to make community labour, a concept at the heart of LETS logic, function as a selfperpetuating dynamic, in which community bonding would encourage trade and trade in turn would build community. In exploring reasons for this failure, the article focuses on the centrifugal pull of two contrasting temporalities: community time and labour-market time. And in und… Show more

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Cited by 15 publications
(29 citation statements)
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“…. ) that, inherent to the management of a complementary monetary system, can lead to its failure, whether it is promoted in the field of social organizations and local public institutions [88,91,92].…”
Section: Promotion and Management Of A Complementary Monetary Systemmentioning
confidence: 99%
See 3 more Smart Citations
“…. ) that, inherent to the management of a complementary monetary system, can lead to its failure, whether it is promoted in the field of social organizations and local public institutions [88,91,92].…”
Section: Promotion and Management Of A Complementary Monetary Systemmentioning
confidence: 99%
“…Therefore, a CSMS will be stronger the greater the reciprocity is between itself and its usefulness. So, an unbalanced or short-income CSMS-that is, when a given CSMS can only be used to acquire a small number of goods and/or services-causes frustration [91] or complaints [92] in the users as they no longer perceive the effectiveness and usefulness of it [97].…”
Section: Utility: Functions a Csms Coversmentioning
confidence: 99%
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“…The currency is created as trades take place, therefore having a zero balance does not preclude one from tradingthey will simply acquire a negative account balance. This initiative was started in Vancouver Canada, by Michael Linton and Davis Weston around early 1983's (Boyle, 2013;Cooper, 2013;Peacock, 2006). Its conception preceded a sudden increase in unemployment and low economic activity following implementation by the Canadian government of a policy to limit fishing quotas (ibid).…”
Section: Introductionmentioning
confidence: 99%