Eric F. Artículo original: A History of Timebanking, del 26 de julio de 2023. Traducido al español por Vince Cerberus. Extraído de “Paciencia y tiempo: bancos de tiempo y redes autoorganizadas de atención a personas mayores en Greater Portland, ME” Las raíces de los bancos de tiempo se pueden encontrar en lo que los primeros economistas de…

The roots of timebanking can be found in what early economists of the late 1700s like Adam Smith and David Ricardo described as the “Labor Theory of Value” (LTV); which proposes that all commodities produced in a market system originate their value in human labor. As Ricardo writes: In speaking then of commodities, of their…

Since 1971, when its convertibility into any precious metal was suspended, the US dollar has been a de facto fiat currency. Meaning, in this case, that its value is only maintained by government regulation. But what if money was based on something else? Like time. Well guess what? That project has been ongoing since at least…