Related Concepts
A community currency is also called a complementary currency, local currency, regional currency, alternative currency, auxiliary currency, or private currency. These words have different meanings to different people. All are currencies that have different designs and serve different purposes from those of conventional money. They depart from the notion that money is essentially a human invention and instrument to influence the relations between citizens and organizations. A solid theoretical framework legitimizes this idea and in the past hundred years a lot of experimentation and experience was picked up with realizing social goals by the implementation of community currencies.
- A community currency is a currency used by groups with a common bond, like members of a locality, or association.
- Alternative currency is often used, but in essence this term is deceitful in many cases, as many currencies are designed to be complementary, and not to concur with- or to substitute conventional currencies.
- Local currency is a Community Currency used in a locality. If this locality is larger, the word regional currency is often used.
- Private currencies emphasizes that the currency is issued by individuals, businesses or NGO’s as opposed to ordinary currency issued under the authority of the government.
- Auxiliary currencies is far less applied, (see for example Douthwaite & Wagman 1999) as synonym of community currencies.
Read more about this topic: Complementary Currency
Famous quotes containing the words related and/or concepts:
“In the middle years of childhood, it is more important to keep alive and glowing the interest in finding out and to support this interest with skills and techniques related to the process of finding out than to specify any particular piece of subject matter as inviolate.”
—Dorothy H. Cohen (20th century)
“Institutional psychiatry is a continuation of the Inquisition. All that has really changed is the vocabulary and the social style. The vocabulary conforms to the intellectual expectations of our age: it is a pseudo-medical jargon that parodies the concepts of science. The social style conforms to the political expectations of our age: it is a pseudo-liberal social movement that parodies the ideals of freedom and rationality.”
—Thomas Szasz (b. 1920)