Economy
Kut Chum is well known for its organic movement and organic foods, chiefly the organic farming of rice. Kut Chum also achieved fame for issuing its own local scrip called Bia Kut Chum. Bia, Thai for cowry shell, was once a unit of currency equal to 1⁄6400 of a Thai baht, and Bia is still current in metaphorical expressions, so the usage ran afoul of currency laws. To side-step implications that they intended a substitute local currency, they changed to Boon Kut Chum, which are barter coupons with a fixed value in baht, that may be exchanged for goods and services within the community.)
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Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)