Over the past 15 years, local money networks, which are essentially trading networks using a community-created currency, have emerged in countries as far apart as Argentina, Australia and New Zealand, Canada and the US, continental Europe and Japan. They range from Local Exchange Trading Schemes (UK), to Time Dollars (US), Green Dollars (New Zealand, Australia and Canada), Trading Circles (Hungary), Barter Networks (Argentina) and Talents (Germany). Drawing on an ethnographic case study of alternative currency movements in Manchester, UK, this book provides an analysis of the motivations, aims, successes and failures of alternative currency networks. It also raises questions such as the contribution of the alternative currency movement to current debates about alternatives to neoliberalism. While it is theoretically informed, critical and grounded in fieldwork, it is also sympathetic to the political aims of the protagonists and cognisant of the non-economic benefits that arise from their development.

part I|52 pages

Context and Theoretical Background

part II|99 pages

Manchester’s Alternative Currency Networks

chapter 5|10 pages

LETS in Manchester

chapter 6|21 pages

The Politics of LETS

chapter 9|13 pages

LETS and the Inner City

part III|14 pages


chapter 11|12 pages

Conclusion: The Long Term Trajectory of LETS