On LETS and Time Dollars
Year: 2001
Type: article
Abstract: A comparative analysis of LETS and Time Dollars seeks to identify their distinctive strengths and shortcomings, makes a plea for collaboration. The piece argues that most of the differences stem from their purpose: LETS is seeking to create an alternative economy to market; Time Dollars are seeking to rebuild what is termed the Core Economy, rooted in family, extended family, neighbors and civil society. While both seek to build community and counter the external costs of the global economy, LETS seeks to do so by returning the world of commerce to a local basis, while Time Dollars expressly seeks to do so by rebuilding the Core Economy, purged of the elements of subordination, discrimination and exploitation that characterized the functioning of that economy in the past. Both have important contributions to make and the challenge is to make sure that future relationships are in cooperation rather than competition.
Source: Universiteitsbibliotheek EUR
Author: Cahn, Edgar S.
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6923679959