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WIR Bank
The WIR Bank, formerly the Swiss Economic Circle (German: ''Wirtschaftsring-Genossenschaft''), or WIR, is an independent complementary currency system in Switzerland that serves businesses in hospitality, construction, manufacturing, retail and professional services. WIR issues and manages a private currency, called the WIR franc, which is used in combination with the Swiss franc to generate dual-currency transactions. System The WIR franc is an electronic currency reflected in clients' trade accounts and so there is no paper money. The intentions of starting were in increased sales, cash flow and profits for a qualified participant. WIR created a credit system which issues credit, in WIR francs, to its members. The credit lines are secured by members pledging assets which ensures that the currency is asset-backed. When two members enter into a transaction with both Swiss francs and WIR francs it reduces the amount of cash needed by the buyer; the seller does not discount it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Language
German ( ) is a West Germanic languages, West Germanic language mainly spoken in Central Europe. It is the most widely spoken and Official language, official or co-official language in Germany, Austria, Switzerland, Liechtenstein, and the Italy, Italian province of South Tyrol. It is also a co-official language of Luxembourg and German-speaking Community of Belgium, Belgium, as well as a national language in Namibia. Outside Germany, it is also spoken by German communities in France (Bas-Rhin), Czech Republic (North Bohemia), Poland (Upper Silesia), Slovakia (Bratislava Region), and Hungary (Sopron). German is most similar to other languages within the West Germanic language branch, including Afrikaans, Dutch language, Dutch, English language, English, the Frisian languages, Low German, Luxembourgish, Scots language, Scots, and Yiddish. It also contains close similarities in vocabulary to some languages in the North Germanic languages, North Germanic group, such as Danish lan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silvio Gesell
Johann Silvio Gesell (; 17 March 1862 – 11 March 1930) was a German-Argentine economist, merchant, and the founder of Freiwirtschaft, an economic model for market socialism. In 1900 he founded the magazine ''Geld-und Bodenreform'' (''Monetary and Land Reform''), but it soon closed for financial reasons. During one of his stays in Argentina, where he lived in a vegetarian commune, Gesell started the magazine ''Der Physiokrat'' together with Georg Blumenthal. In 1914, it closed due to censorship. The Bavarian Soviet Republic, in which he participated, had a violent end and Gesell was detained for several months on a charge of treason, but was acquitted by a Munich court after a speech he gave in his own defense. Life Silvio Gesell's mother was Walloon and his father was German, originally from Aachen, who worked as a clerk in the then-Prussian district of Malmedy, now part of Belgium. Silvio was the seventh of nine children. After visiting the public Bürgerschule in Sankt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freiwirtschaft
(German for "free economy") is an economic idea founded by Silvio Gesell in 1916. He called it ' (natural economic order). In 1932, a group of Swiss businessmen used his ideas to found the WIR Bank (WIR). Structure Freiwirtschaft consists of three central aspects, usually summed up as the Three Fs: * ' (free money) ** All money is issued for a ''limited'' period by ''constant'' value (neither inflation, nor deflation). ** Long-term saving requires investment in bonds or stocks. * ' (free land) ** All land is commonly owned or else the property of public institutions and can only be rented from the community or from government, respectively, not purchased (''see also Georgism''). * ' (free trade) History The basic economic ideas of Freiwirtschaft were published in 1890 by the Hungarian-Austrian economist Theodor Hertzka in his novel ''Freiland - ein soziales Zukunftsbild'' (''Freeland - A Social Anticipation''). Flaws of the monetary system Freiwirtschaft claims that curre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Currencies
In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organisations. A regional currency is a form of local currency encompassing a larger geographical area, while a community currency might be local or be used for exchange within an online community. A local currency acts as a complementary currency to a national currency, rather than replacing it, and aims to encourage spending within a local community, especially with locally owned businesses. Such currencies may not be backed by a national government nor be legal tender. About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database. Terminology Some definitions: * Complementary currency - is used as a complement to a national currency, as a medium of exchange, which is usually not legal tender. * Community currency - a complementary currency used by a group with a common bond, such as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
JAK Members Bank
The JAK Members Bank, or JAK Medlemsbank, is a cooperative, member-owned financial institution based in Skövde, Sweden, and based on a concept that arose in Denmark in 1931. ''JAK'' is an acronym for ''Jord Arbete Kapital'' in Swedish or ''Land Labour Capital'', the factors of production in classical economics. A membership of approximately 39,000 (as of December 2015) dictates the Bank's policies and direction. The Board of Directors is elected annually by members, who are each allowed only one share in the bank. JAK Members Bank does not offer any interest on saved money. All of the bank's activities occur outside of the capital market as its loans are financed solely by member savings. Administrative and developmental costs are paid for by membership and loans. JAK banking employs the "Saving Points" system: members accumulate Saving Points during saving periods and use them when applying for a loan. The concept is that one is allowed to take out a loan for oneself to the sam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tomorrow (2015 Film)
''Tomorrow'' (french: Demain) is a 2015 French documentary film directed by Cyril Dion and Mélanie Laurent. Faced with a future that scientists say is a great cause for concern,Anthony Barnosky, Elizabeth Hadly ''et al.''"Approaching a state shift in Earth’s biosphere" ''Nature'', number 486, 7 Juin 2012, pages 52-58 (page visited on 31 August 2016). In addition to this article (mentioned in the film), Anthony Barnosky and Elizabeth Hadly also wrote the book ''End Game: Tipping Point for Planet Earth?'', 2015 (). the film has the distinction of not giving in to catastrophism. Optimistically, it identifies initiatives that been proven themselves in ten countries as examples of solutions to environmental and social challenges of the twenty-first century in agriculture, energy, economy, education and governance. ''Tomorrow'' exceeded a million entries in France. It won the 2016 César Award for Best Documentary Film and was distributed in 27 countries. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Interest
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party. It is also distinct from dividend which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a particular rate decided beforehand, rather on a pro rata basis as a share in the reward gained by risk taking entrepreneurs when the revenue earned exceeds the total costs. For example, a customer would usually pay interest to borrow from a bank, so they pay the bank an amount which is more than the amount they borrowed; or a customer may earn interest on their savings, and so they may withdraw more than they originally deposited. In the case of savings, the customer is the lender, and the bank plays the role of the borrower. Interest diff ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freigeld
As part of the theory of Freiwirtschaft, Freigeld ('free money', ) is a monetary (or exchange) unit proposed by Silvio Gesell. Properties Freigeld has several special properties: * It is maintained by a monetary authority to be ''spending-power stable'' (no inflation or deflation) by means of printing more money or withdrawing money from circulation. * It is ''cash flow safe'' (a scheme is put in place to ensure that the money is returned into the cash flow – for example, by demurrage – requiring stamps to be purchased and periodically attached to the money to keep it valid). * It is convertible into other currencies. * It is localized to a certain area (it is a local currency). The name results from the idea that there is no incentive to store or hoard Freigeld as it will automatically lose its value after some time. It is claimed that as a result, interest rates could decrease to zero. Theory According to Gesell, all human-produced goods are subject to expensive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, mathematical finance and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They assess ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Complementary Currency
A complementary currency is a currency or medium of exchange that is not necessarily a national currency, but that is thought of as supplementing or complementing national currencies. Complementary currencies are usually not legal tender and their use is based on agreement between the parties exchanging the currency. According to Jérôme Blanc of Laboratoire d'Économie de la Firme et des Institutions, complementary currencies aim to protect, stimulate or orientate the economy. They may also be used to advance particular social, environmental, or political goals. When speaking about complementary currencies, a number of overlapping and often interchangeable terms are in use: local or community currencies are complementary currencies used within a locality or other form of community (such as business-based or online communities); regional currencies are similar to local currencies, but are used within a larger geographical region; and sectoral currencies are complementary curren ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Georgism
Georgism, also called in modern times Geoism, and known historically as the single tax movement, is an economic ideology holding that, although people should own the value they produce themselves, the economic rent derived from land—including from all natural resources, the commons, and urban locations—should belong equally to all members of society. Developed from the writings of American economist and social reformer Henry George, the Georgist paradigm seeks solutions to social and ecological problems, based on principles of land rights and public finance which attempt to integrate economic efficiency with social justice. Georgism is concerned with the distribution of economic rent caused by land ownership, natural monopolies, pollution rights, and control of the commons, including title of ownership for natural resources and other contrived privileges (e.g. intellectual property). Any natural resource which is inherently limited in supply can generate economic rent, but ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Germans
, native_name_lang = de , region1 = , pop1 = 72,650,269 , region2 = , pop2 = 534,000 , region3 = , pop3 = 157,000 3,322,405 , region4 = , pop4 = 21,000 3,000,000 , region5 = , pop5 = 125,000 982,226 , region6 = , pop6 = 900,000 , region7 = , pop7 = 142,000 840,000 , region8 = , pop8 = 9,000 500,000 , region9 = , pop9 = 357,000 , region10 = , pop10 = 310,000 , region11 = , pop11 = 36,000 250,000 , region12 = , pop12 = 25,000 200,000 , region13 = , pop13 = 233,000 , region14 = , pop14 = 211,000 , region15 = , pop15 = 203,000 , region16 = , pop16 = 201,000 , region17 = , pop17 = 101,000 148,00 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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