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Local Money: How to Make it Happen in Your Community
 
 
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Local Money: How to Make it Happen in Your Community [Paperback]

Peter North
4.0 out of 5 stars  See all reviews (1 customer review)
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Local Money: How to Make it Happen in Your Community + Local Sustainable Homes: How to Make Them Happen in Your Community + Communities, Councils & a Low-Carbon Future: What we can do if governments won't
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Product details

  • Paperback: 240 pages
  • Publisher: Green Books (3 Jun 2010)
  • Language English
  • ISBN-10: 1900322528
  • ISBN-13: 978-1900322522
  • Product Dimensions: 21.8 x 21.8 x 2 cm
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 270,665 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Peter North
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Product Description

Review

Whoever controls money controls our lives. Taking back that power for good, not harm, has to be at the heart of new thinking after the crash. Without change, the next one could be Armageddon. This book tells every community everywhere how to make local money work for local good. --Polly Toynbee, Guardian columnist

A local currency is essential for greater local resilience. Peter North's comprehensive and well-written survey of local money systems is the best guide by far for communities planning to launch their own currency. --Richard Douthwaite, author The Growth Illusion

Product Description

Local Money is an exciting and practical guide to creating local currencies - showing how they can help us unleash the power of our communities to build a resilient economic future. The economic crisis and the bailing out of the banks by taxpayers has made us all aware of the vulnerability of our financial system. We need to think urgently about how to reclaim the power that the bankers hold. In past recessions and depressions across the world, communities have done just that - by creating their own forms of money. This book is an inspiring guide that helps you understand what money is and how you can create money that stays in the community - building loyalty between consumers and local traders rather than losing wealth to the corporate chain stores. It explains how alternative currencies can work with local banks and credit unions to strengthen the local economy, supporting the local production of necessities such as food and energy while helping to reduce the community's carbon emissions. Local Money draws on the long history of local currencies, from Local Exchange Trade systems and time banks to paper currencies such as BerkShares, Ithaca Hours and German regional currencies, which circulate betweeen local businesses as an alternative to their losing trade to the big box retailers. This story culimates in the development of the first Transition currencies in the UK, the Totnes, Lewes, Stroud and Brixton Pounds.

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Most Helpful Customer Reviews
10 of 10 people found the following review helpful
By Jeremy Williams TOP 1000 REVIEWER
Format:Paperback
Since money is just an agreed mechanism of exchange, there are many different kinds of money, and endless possibilities for re-creating it. Local Money' begins with an introduction to money and a history of alternative currencies, and then dedicates a chapter each to a series of experiments with money - Time banking, Local Exchange Trading Schemes, Berkshares, Germany's local currencies and the Argentinian barter schemes during the country's economic collapse in the 90s. North then explains the latest round of experiments from the Transition Towns movement, and then ends with some tantalizing glimpses of the future of money.

The four Transition currencies get the most attention. This is the really practical bit if you're ready to have a go at creating your own money - lots of advice about getting buy-in from businesses, how much to print, why you should think long and hard about the name of your currency, tax implications, and so on.

Peter North knows that everything in the book is an experiment, and the book is great at breaking down historical examples to see what worked and what didn't. It's honest too, acknowledging the failures and limitations of what has been tried so far as well as the successes. If you're ready to embark on the rather exciting journey of local money in your town, this is the most helpful book I've come across so far.

However, the book might have been better titled 'Local currency', rather than 'local money'. The book is great on currencies, but there could have been more on other kinds of local money, such as credit unions, local bonds, microfinance, or credit clearance. Some of these get a passing mention, but I would have liked to read more.

If you've read about alternative currencies in the past and wondered how you go about creating one, this is the book for you though. Let's hope it's a catalyst for a new generation of local money projects.
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Amazon.com:  2 reviews
3 of 7 people found the following review helpful
Not what it was advertised to be 30 Jun 2011
By Gary Hartzler - Published on Amazon.com
Format:Paperback|Amazon Verified Purchase
The book was in excellent condition and basically a good book, but it is not the book it was advertised to be. The ad was about how to find money to operate local charities, the book was about how to create local economic systems - essentially bartering groups in various forms (with some higher economic processes that were even less relevant).
The people I purchased the book for are returning it, I understand.
1 of 4 people found the following review helpful
Well done! 16 Aug 2011
By R & T - Published on Amazon.com
Format:Paperback|Amazon Verified Purchase
Great book, very detailed and informative. The only "fault" I see with it is it doesn't talk much at all about the "Liberty Dollar" and I wish it had as well as the legal issues that came up with them.
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