How do #Complementarycurrencies work as social innovation?
Using examples of regional currencies in Wörgl, Chiemgau and Sardinia, different environmental conditions are considered and the objectives and solutions of the respective currency initiatives are presented. The newly created “money” acts as a binding agent that encourages the participants to cooperate dynamically and permanently.
#money #transformation #alternativeeconomy #innovation #chiemgauer #sardex
https://link.springer.com/chapter/10.1007/978-3-658-41835-9_8
Complementary Currencies and Monetary Tools as Social Innovation
Many social and ecological innovations often fail because of the need for a return on investment. Many economists believe that money has a neutral character. This stems from the idea that money is a thing over which man has only limited influence. A look at the...