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Complementary currencies: History, theory, prospects

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  • Mark S Peacock

Abstract

This essay examines the history and theory of complementary currencies before considering the prospects for increasing their current scope to become significant economic entities through which people – particularly those marginalised in, or excluded from, the formal economy – can secure their livelihood. A model of tax-driven money, based on the tax anticipation schemes of the 1930s is proposed.

Suggested Citation

  • Mark S Peacock, 2014. "Complementary currencies: History, theory, prospects," Local Economy, London South Bank University, vol. 29(6-7), pages 708-722, September.
    • Handle: RePEc:sae:loceco:v:29:y:2014:i:6-7:p:708-722
    DOI: 10.1177/0269094214553174
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    References listed on IDEAS

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    1. Mark Setterfield (ed.), 2006. "Complexity, Endogenous Money and Macroeconomic Theory," Books, Edward Elgar Publishing, number 3552.
    2. Williams, Colin C., 1996. "The New Barter Economy: An Appraisal of Local Exchange and Trading Systems (LETS)," Journal of Public Policy, Cambridge University Press, vol. 16(1), pages 85-101, January.
    3. Mark S. Peacock, 2006. "The Moral Economy of Parallel Currencies," American Journal of Economics and Sociology, Wiley Blackwell, vol. 65(5), pages 1059-1083, November.
    4. William R. Allen, 1977. "Irving Fisher, F. D. R., and the Great Depression," History of Political Economy, Duke University Press, vol. 9(4), pages 560-587, Winter.
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