ABSTRACT

This introduction presents an overview of key concepts discussed in the subsequent chapters of this book. The book provides an in-depth investigation of Time Banking in the United States. Time Banks are the most popular type in the US of what has been called 'community currencies', localized exchange systems based on time or unofficial dollar equivalents as the medium of exchange. Community currency networks are 'do-it-yourself' (DIY) groups, established with the intention of building social ties within a community and making goods and services more accessible. The book also systematically investigates the phenomenon of Time Banking and its impact on communities and individuals. It then reviews the history of community currencies and locates Time Banking within that broader movement. Finally, the book presents a variety of data addressing the major questions regarding the inputs, processes, and outcomes of Time Bank participation.