Tag: hour exchange
A History of Timebanking
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…
Hour Exchange: Spending Time in Portland (Maine)
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…
Anarchy and Democracy
Fighting Fascism
Markets Not Capitalism
The Anatomy of Escape
Organization Theory