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Timebanking
In economics, a time-based currency is an alternative currency or exchange system where the unit of account is the person-hour or some other time unit. Some time-based currencies value everyone's contributions equally: one hour equals one service credit. In these systems, one person volunteers to work for an hour for another person; thus, they are credited with one hour, which they can redeem for an hour of service from another volunteer. Others use time units that might be fractions of an hour (e.g. minutes, ten minutes – 6 units/hour, or 15 minutes – 4 units/hour). While most time-based exchange systems are service exchanges in that most exchange involves the provision of services that can be measured in a time unit, it is also possible to exchange goods by 'pricing' them in terms of the average national hourly wage rate (e.g. if the average hourly rate is $20/hour, then a commodity valued at $20 in the national currency would be equivalent to 1 hour). History 19th century ...
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Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational a ...
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Birmingham
Birmingham ( ) is a City status in the United Kingdom, city and metropolitan borough in the metropolitan county of West Midlands (county), West Midlands in England. It is the second-largest city in the United Kingdom with a population of 1.145 million in the city proper, 2.92 million in the West Midlands (county), West Midlands metropolitan county, and approximately 4.3 million in the Birmingham metropolitan area, wider metropolitan area. It is the ESPON metropolitan areas in the United Kingdom, largest UK metropolitan area outside of London. Birmingham is known as the second city of the United Kingdom. Located in the West Midlands (region), West Midlands region of England, approximately from London, Birmingham is considered to be the social, cultural, financial and commercial centre of the Midlands. Distinctively, Birmingham only has small rivers flowing through it, mainly the River Tame, West Midlands, River Tame and its tributaries River Rea and River Cole, West Midlands ...
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Paul Glover (activist)
Paul Glover (born July 18, 1947) is a community organizer, author, and former university professor currently based in Philadelphia, Pennsylvania. Community work Glover published local histories of Ithaca starting in the 1970s with Glad Day Press. In 1992, he founded the Ithaca Hours, one of the first local currency systems. He said he founded it because there wasn't enough money in the local community. He founded of the Philadelphia Orchard Project, the Citizen Planners of Los Angeles and the Ithaca Health Alliance, He is author of several books on community economic development, a former professor of urban studies at Temple University, and Ecological economics at Philadelphia University. He consults as Greenplanners and speaks on community economic development. Glover suffered a stroke in January 2019. Political career Glover was the Green Party candidate for mayor of Ithaca, New York, in 2003. Glover participated in the Green Party's presidential primaries in 2004. Gl ...
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Teruko Mizushima
Teruko Mizushima (1920-1996) was a Japanese housewife, author, inventor, social commentator, and activist credited with creating the world's first timebank in 1973. Early life Mizushima was born in 1920 in Osaka to a merchant household. She performed well in school and was given the opportunity to study overseas in the United States in 1939. Her stay was shortened from three years to one due to rising tensions between the US, Japan, and China. Mizushima opted to pursue a short-term diploma course in sewing. After returning home, she married. Her first daughter was born at the outbreak of the Pacific War, and her husband was soon conscripted into the army. Mizushima's sewing skills proved invaluable to her family during and after the war. While the Japanese population was suffering immense material shortages, Mizushima offered her sewing skills in exchange for fresh vegetables. It was during this time that she began to develop her ideas about economics and the relative value ...
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Edgar S
Edgar is a commonly used English given name, from an Anglo-Saxon name ''Eadgar'' (composed of '' ead'' "rich, prosperous" and '' gar'' "spear"). Like most Anglo-Saxon names, it fell out of use by the later medieval period; it was, however, revived in the 18th century, and was popularised by its use for a character in Sir Walter Scott's ''The Bride of Lammermoor'' (1819). People with the given name * Edgar the Peaceful (942–975), king of England * Edgar the Ætheling (c. 1051 – c. 1126), last member of the Anglo-Saxon royal house of England * Edgar of Scotland (1074–1107), king of Scotland * Edgar Angara, Filipino lawyer * Edgar Barrier, American actor * Edgar Baumann, Paraguayan javelin thrower * Edgar Bergen, American actor, radio performer, ventriloquist * Edgar Berlanga, American boxer * Edgar H. Brown, American mathematician * Edgar Buchanan, American actor * Edgar Rice Burroughs, American author, creator of ''Tarzan'' * Edgar Cantero, Spanish author in Catalan, S ...
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Hungarian Revolution Of 1956
The Hungarian Revolution of 1956 (23 October – 10 November 1956; hu, 1956-os forradalom), also known as the Hungarian Uprising, was a countrywide revolution against the government of the Hungarian People's Republic (1949–1989) and the Hungarian domestic policies imposed by the Soviet Union (USSR). The Hungarian Revolution began on 23 October 1956 in Budapest when university students appealed to the civil populace to join them at the Hungarian Parliament Building to protest against the USSR's geopolitical domination of Hungary with the Stalinist government of Mátyás Rákosi. A delegation of students entered the building of Hungarian Radio to broadcast their sixteen demands for political and economic reforms to the civil society of Hungary, but they were instead detained by security guards. When the student protestors outside the radio building demanded the release of their delegation of students, policemen from the ÁVH (Államvédelmi Hatóság) state protection author ...
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Cornelius Castoriadis
Cornelius Castoriadis ( el, Κορνήλιος Καστοριάδης; 11 March 1922 – 26 December 1997) was a Greek-FrenchMemos 2014, p. 18: "he was ... granted full French citizenship in 1970." philosopher, social critic, economist, psychoanalyst, author of ''The Imaginary Institution of Society'', and co-founder of the '' Socialisme ou Barbarie'' group. His writings on autonomy and social institutions have been influential in both academic and activist circles. Biography Early life in Athens Cornelius Castoriadis (named after Saint Cornelius the Centurion) was born on 11 March 1922 in Constantinople,Dosse 2014, p. 13. the son of Kaisar ("Caesar") and Sophia Kastoriadis. His family had to move in July 1922 to Athens due to the Greek–Turkish population exchange. He developed an interest in politics after he came into contact with Marxist thought and philosophy at the age of 13.
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Socialisme Ou Barbarie
Socialisme ou Barbarie () was a French-based radical libertarian socialist group of the post-World War II period whose name comes from a phrase which was misattributed to Friedrich Engels by Rosa Luxemburg in the '' Junius Pamphlet'', but which probably was most likely first used by Karl Kautsky. It existed from 1948 until 1967. The animating personality was Cornelius Castoriadis, also known as Pierre Chaulieu or Paul Cardan. ''Socialisme ou Barbarie'' (''S. ou B.'') is also the name of the group's journal. History The group originated in the Trotskyist Fourth International, where Castoriadis and Claude Lefort constituted a Chaulieu–Montal tendency in the French Parti Communiste Internationaliste in 1946. In 1948, they experienced their "final disenchantment with Trotskyism", leading them to break away to form Socialisme ou Barbarie, whose journal began appearing in March 1949. Castoriadis later said of this period that "the main audience of the group and of the journal was fo ...
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Critique Of The Gotha Program
The ''Critique of the Gotha Programme'' (german: Kritik des Gothaer Programms) is a document based on a letter by Karl Marx written in early May 1875 to the Social Democratic Workers' Party of Germany (SDAP), with whom Marx and Friedrich Engels were in close association. Offering perhaps Marx's most detailed pronouncement on programmatic matters of revolutionary strategy, the document discusses the "dictatorship of the proletariat", the period of transition from capitalism to communism, proletarian internationalism and the party of the working class. It is notable also for elucidating the principles of "To each according to his contribution" as the basis for a "lower phase" of communist society directly following the transition from capitalism and "From each according to his ability, to each according to his needs" as the basis for a future "higher phase" of communist society. In describing the lower phase, he states that "the individual receives from society exactly what he give ...
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Karl Marx
Karl Heinrich Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, economist, historian, sociologist, political theorist, journalist, critic of political economy, and socialist revolutionary. His best-known titles are the 1848 pamphlet ''The Communist Manifesto'' and the four-volume (1867–1883). Marx's political and philosophical thought had enormous influence on subsequent intellectual, economic, and political history. His name has been used as an adjective, a noun, and a school of social theory. Born in Trier, Germany, Marx studied law and philosophy at the universities of Bonn and Berlin. He married German theatre critic and political activist Jenny von Westphalen in 1843. Due to his political publications, Marx became stateless and lived in exile with his wife and children in London for decades, where he continued to develop his thought in collaboration with German philosopher Friedrich Engels and publish his writings, researching in the British Mus ...
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Labor Notes (currency)
Labour vouchers (also known as labour cheques, labour notes, labour certificates and personal credit) are a device proposed to govern demand for goods in some models of socialism and to replace some of the tasks performed by currency under capitalism. Outline Unlike money, vouchers cannot circulate and are not transferable between people. They are also not exchangeable for any means of production, hence they are not transmutable into capital. Once a purchase is made, the labour vouchers are either destroyed or must be re-earned through labour. With such a system in place, monetary theft would become impossible. Such a system is proposed by many as a replacement for traditional money while retaining a system of remuneration for work done. It is also a way of ensuring that there is no way to make money out of money as in a capitalist market economy. Additionally, the only kind of market that could exist in an economy operating through the use of labour vouchers would be an ...
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Pierre-Joseph Proudhon
Pierre-Joseph Proudhon (, , ; 15 January 1809, Besançon – 19 January 1865, Paris) was a French socialist,Landauer, Carl; Landauer, Hilde Stein; Valkenier, Elizabeth Kridl (1979) 959 "The Three Anticapitalistic Movements". ''European Socialism: A History of Ideas and Movements from the Industrial Revolution to Hitler's Seizure of Power''. University of California Press. pp. 59, 63. "In France, post-Utopian socialism begins with Peter Joseph Proudhon. .. roudhonwas the most profound thinker among pre-Marxian socialists."Eatwell, Roger; Wright, Anthony (1999). ''Contemporary Political Ideologies'' (2nd ed.). London: Continuum. p. 82. .Newman, Michael (2005). ''Socialism: A Very Short Introduction''. Oxford University Press. p. 15. .Docherty, James C.; Lamb, Peter, eds. (2006). ''Historical Dictionary of Socialism''. Historical Dictionaries of Religions, Philosophies, and Movements. 73 (2nd ed.). Lanham, Maryland: The Scarecrow Press. p. 284. . See also Lamb, Peter (2015). ''H ...
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