IDEAS home Printed from https://ideas.repec.org/p/hal/journl/halshs-04513773.html
   My bibliography  Save this paper

Money and the ecological turn: lessons from alternative currencies

Author

Listed:
  • Jérôme Blanc

    (TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - Université de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

Abstract

Our current monetary system displays major flaws as to whether it can support the ecological turn. This article stylises them as bank credit, a-territoriality and non-specialisation of money, and commensurability. Yet, the variety of experiences of alternative currencies displays remarkable features like territorialisation, socio-economic specialisation of money, a practical criticism of commensurability and non-bank funding and financing schemes. Considering those features seriously, and making them part of monetary systems, require adapting the existing monetary infrastructure by creating specific circuits through the establishment of boundaries.

Suggested Citation

  • Jérôme Blanc, 2024. "Money and the ecological turn: lessons from alternative currencies," Post-Print halshs-04513773, HAL.
    • Handle: RePEc:hal:journl:halshs-04513773
    DOI: 10.1007/s11625-024-01465-x
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04513773v1
    as

    Download full text from publisher

    File URL: https://shs.hal.science/halshs-04513773v1/document
    Download Restriction: no
    File URL: https://libkey.io/10.1007/s11625-024-01465-x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Jérôme Blanc, 2017. "Unpacking monetary complementarity and competition: a conceptual framework," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(1), pages 239-257.
    2. Louison Cahen-Fourot & Marc Lavoie, 2016. "Ecological monetary economics: a post-Keynesian critique," Post-Print hal-01343731, HAL.
    3. Camille Meyer & Marek Hudon, 2019. "Money and the Commons: An Investigation of Complementary Currencies and Their Ethical Implications," Journal of Business Ethics, Springer, vol. 160(1), pages 277-292, November.
    4. Seyfang, Gill & Longhurst, Noel, 2013. "Growing green money? Mapping community currencies for sustainable development," Ecological Economics, Elsevier, vol. 86(C), pages 65-77.
    5. Jézabel Couppey-Soubeyran & Pierre Delandre, 2021. "La transition monétaire. Pour une monnaie au service du bien commun," PSE-Ecole d'économie de Paris (Postprint) hal-03973703, HAL.
    6. Alban Mathieu, 2020. "La monnaie locale écologique, une tentative d’évaluation," Mondes en développement, De Boeck Université, vol. 0(3), pages 101-117.
    7. Jean-François Ponsot, 2003. "The Obsession of Credibility : A Historical Perspective on Full Dollarization and Currency Boards," International Journal of Political Economy, Taylor & Francis Journals, vol. 33(1), pages 83-99.
    8. Jérôme Blanc & Marie Fare, 2016. "Turning values concrete: the role and ways of business selection in local currency schemes," Review of Social Economy, Taylor & Francis Journals, vol. 74(3), pages 298-319, September.
    9. Jérôme Blanc & Marie Fare, 2012. "Les monnaies sociales en tant que dispositifs innovants : une évaluation," Innovations, De Boeck Université, vol. 0(2), pages 67-84.
    10. Cahen-Fourot, Louison & Lavoie, Marc, 2016. "Ecological monetary economics: A post-Keynesian critique," Ecological Economics, Elsevier, vol. 126(C), pages 163-168.
    11. Larue, Louis, 2020. "The Ecology of Money: A Critical Assessment," Ecological Economics, Elsevier, vol. 178(C).
    12. Herman E. Daly, 2014. "From Uneconomic Growth to a Steady-State Economy," Books, Edward Elgar Publishing, number 16030.
    13. Jézabel Couppey-Soubeyran & Pierre Delandre, 2021. "La transition monétaire. Pour une monnaie au service du bien commun," Post-Print hal-03973703, HAL.
    14. Massimo Amato & Luca Fantacci, 2014. "Back to which Bretton Woods? Liquidity and clearing as alternative principles for reforming international money," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 38(6), pages 1431-1452.
    15. Dani Rodrik, 2006. "Goodbye Washington Consensus, Hello Washington Confusion? A Review of the World Bank's Economic Growth in the 1990s: Learning from a Decade of Reform," Journal of Economic Literature, American Economic Association, vol. 44(4), pages 973-987, December.
    16. Andre Torre & Alain Rallet, 2005. "Proximity and Localization," Regional Studies, Taylor & Francis Journals, vol. 39(1), pages 47-59.
    17. Susana Martín Belmonte & Jordi Puig & Mercè Roca & Marta Segura, 2021. "Crisis Mitigation through Cash Assistance to Increase Local Consumption Levels—A Case Study of a Bimonetary System in Barcelona, Spain," JRFM, MDPI, vol. 14(9), pages 1-17, September.
    18. Jézabel Couppey-Soubeyran & Pierre Delandre, 2021. "La transition monétaire. Pour une monnaie au service du bien commun," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-03973703, HAL.
    19. Rolf F. H. Schroeder, 2020. "Beyond the veil of money: Boundaries as constitutive elements of complementary currencies," Japanese Economy, Taylor & Francis Journals, vol. 46(1), pages 17-41, January.
    20. Stodder, James, 2009. "Complementary credit networks and macroeconomic stability: Switzerland's Wirtschaftsring," Journal of Economic Behavior & Organization, Elsevier, vol. 72(1), pages 79-95, October.
    21. Ron Boschma, 2005. "Proximity and Innovation: A Critical Assessment," Regional Studies, Taylor & Francis Journals, vol. 39(1), pages 61-74.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Reyns, Ariane, 2024. "What drives businesses to transact with complementary currencies?," Ecological Economics, Elsevier, vol. 220(C).
    2. Larue, Louis, 2020. "The Ecology of Money: A Critical Assessment," Ecological Economics, Elsevier, vol. 178(C).
    3. Larue, Louis & Meyer, Camille & Hudon, Marek & Sandberg, Joakim, 2022. "The Ethics of Alternative Currencies," Business Ethics Quarterly, Cambridge University Press, vol. 32(2), pages 299-321, April.
    4. Alexandra Lenis Escobar & Ramón Rueda López & Jorge E. García Guerrero & Enrique Salinas Cuadrado, 2020. "Design of Strategies for the Implementation and Management of a Complementary Monetary System Using the SWOT-AHP Methodology," Sustainability, MDPI, vol. 12(17), pages 1-23, August.
    5. Louis Larue, 2022. "The case against alternative currencies," Politics, Philosophy & Economics, , vol. 21(1), pages 75-93, February.
    6. Jérôme Blanc & Marie Fare, 2018. "Pathways to Improvement. Successes and Difficulties of Local Currency Schemes in France since 2010," Post-Print halshs-01996923, HAL.
    7. Nadia von Jacobi & Enrica Chiappero‐Martinetti & Lara Maestripieri & Toa Giroletti, 2024. "Creating social value by empowering people: a social innovation perspective," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 95(2), pages 413-439, June.
    8. Mercè Roca & Marta Segura & Jordi Puig & Susana Martín Belmonte, 2024. "The local multiplier of income support paid in a complementary currency: Comparative evaluation in the city of Barcelona," Urban Studies, Urban Studies Journal Limited, vol. 61(1), pages 95-111, January.
    9. Camille Meyer & Marek Hudon, 2019. "Money and the Commons: An Investigation of Complementary Currencies and Their Ethical Implications," Journal of Business Ethics, Springer, vol. 160(1), pages 277-292, November.
    10. Christian Gelleri, 2022. "Creating Monetary Collaborative Spaces for Social and Ecological Transformation," Sustainability, MDPI, vol. 14(23), pages 1-20, November.
    11. Filipe Moreira Alves & Rui Santos & Gil Penha-Lopes, 2022. "Revisiting the Missing Link: An Ecological Theory of Money for a Regenerative Economy," Sustainability, MDPI, vol. 14(7), pages 1-18, April.
    12. Ouellet, F. & Mundler, P. & Dupras, J. & Ruiz, J., 2020. "“Community developed and farmer delivered.” An analysis of the spatial and relational proximities of the Alternative Land Use Services program in Ontario," Land Use Policy, Elsevier, vol. 95(C).
    13. Roberto Veneziani & Luca Zamparelli & Michalis Nikiforos & Gennaro Zezza, 2017. "Stock-Flow Consistent Macroeconomic Models: A Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1204-1239, December.
    14. de Jong, Jeroen P.J. & Freel, Mark, 2010. "Absorptive capacity and the reach of collaboration in high technology small firms," Research Policy, Elsevier, vol. 39(1), pages 47-54, February.
    15. Lorenzo Cassi & Anne Plunket, 2014. "Proximity, network formation and inventive performance: in search of the proximity paradox," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 53(2), pages 395-422, September.
    16. Laurent R. Bergé, 2017. "Network proximity in the geography of research collaboration," Papers in Regional Science, Wiley Blackwell, vol. 96(4), pages 785-815, November.
    17. Alain Thierstein & Stefan Lüthi, 2012. "Interlocking Firm Networks in the German Knowledge Economy: The Case of the Emerging Mega-city Region of Munich," Chapters, in: Marina van Geenhuizen & Peter Nijkamp (ed.), Creative Knowledge Cities, chapter 13, Edward Elgar Publishing.
    18. Jérôme Blanc, 2018. "Tensions in the triangle: monetary plurality between institutional integration, competition and complementarity," Evolutionary and Institutional Economics Review, Springer, vol. 15(2), pages 389-411, December.
    19. Ferretti, Marco & Guerini, Massimiliano & Panetti, Eva & Parmentola, Adele, 2022. "The partner next door? The effect of micro-geographical proximity on intra-cluster inter-organizational relationships," Technovation, Elsevier, vol. 111(C).
    20. Tom Broekel & Wladimir Mueller, 2018. "Critical links in knowledge networks – What about proximities and gatekeeper organisations?," Industry and Innovation, Taylor & Francis Journals, vol. 25(10), pages 919-939, November.

    More about this item

    Keywords

    Ecological turn; monetary infrastructure; territorialisation; alternative currencies;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:halshs-04513773. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.