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Local Exchange Trading Systems in the United Kingdom: A Case of Re-Embedding?

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  • L Thorne

    (Department of Geography, University of Bristol, Bristol BS8 1SS, England)

Abstract

In this paper a recent type of social and economic organization to appear in the United Kingdom—the local exchange trading system—is examined. From comparative research based on interviews with coordinators of six systems the motivation for involvement, the nature of the local money, and the relationship to business and state regulation are explored. The internal coherence of the systems and the relevance of the ‘local’ is assessed. Contextualized by debates on the nature of economics, where the notion of embeddedness of economic life in social relations is gaining ground, the concept of an active ‘re-embedding’ is introduced in order to explore the significance of local exchange trading systems.

Suggested Citation

  • L Thorne, 1996. "Local Exchange Trading Systems in the United Kingdom: A Case of Re-Embedding?," Environment and Planning A, , vol. 28(8), pages 1361-1376, August.
    • Handle: RePEc:sae:envira:v:28:y:1996:i:8:p:1361-1376
    DOI: 10.1068/a281361
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    References listed on IDEAS

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    Cited by:

    1. Powell, J., 2002. "Petty capitalism, perfecting capitalism or post-capitalism? : lessons from the Argentinian barter network," ISS Working Papers - General Series 19101, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    2. Colin C. Williams & Jan Windebank, 2000. "Self-help and Mutual Aid in Deprived Urban Neighbourhoods: Some Lessons from Southampton," Urban Studies, Urban Studies Journal Limited, vol. 37(1), pages 127-147, January.
    3. A Leyshon & N Thrift, 1996. "Financial Exclusion and the Shifting Boundaries of the Financial System," Environment and Planning A, , vol. 28(7), pages 1150-1156, July.
    4. Ethel Crowley, 2005. "Local Exchange Trading Systems: Globalising Rural Communities," The Institute for International Integration Studies Discussion Paper Series iiisdp037, IIIS.
    5. Peter North, 1998. "LETS, “Hours†and the Swiss “Business Ring†"," Local Economy, London South Bank University, vol. 13(2), pages 114-132, August.
    6. Georgina M Gómez, 2010. "What was the Deal for the Participants of the Argentine Local Currency Systems, the Redes de Trueque?," Environment and Planning A, , vol. 42(7), pages 1669-1685, July.
    7. R K O'Doherty & J Dürrschmidt & P Jowers & D A Purdue, 1999. "Local Exchange and Trading Schemes: A Useful Strand of Community Economic Development Policy?," Environment and Planning A, , vol. 31(9), pages 1639-1653, September.
    8. Paul Chatterton & David Bradley, 2000. "Bringing Britain Together?," Local Economy, London South Bank University, vol. 15(2), pages 98-111, July.
    9. Gill Seyfang, 2001. "Working for the Fenland Dollar: An Evaluation of Local Exchange Trading Schemes as an Informal Employment Strategy to Tackle Social Exclusion," Work, Employment & Society, British Sociological Association, vol. 15(3), pages 581-593, September.
    10. Gill Seyfang, 2001. "Community Currencies: Small Change for a Green Economy," Environment and Planning A, , vol. 33(6), pages 975-996, June.
    11. Peter North, 2000. "Is There Space for Organisation from Below within the UK Government's Action Zones? A Test of 'Collaborative Planning'," Urban Studies, Urban Studies Journal Limited, vol. 37(8), pages 1261-1278, July.
    12. Ed Collom, 2005. "Community Currency in the United States: The Social Environments in Which it Emerges and Survives," Environment and Planning A, , vol. 37(9), pages 1565-1587, September.
    13. Michael Pacione, 1997. "Local Exchange Trading Systems as a Response to the Globalisation of Capitalism," Urban Studies, Urban Studies Journal Limited, vol. 34(8), pages 1179-1199, July.

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