Essays about Alternative Currencies?
October 18, 2013 12:39 PM Subscribe
A reading group I'm in is interested in learning about alternative currencies. For example, a good overview of something like Bitcoin. Bonus points if it's coming from a Marxist or left political position.
You can get this talk on podcast on iTunes for free. It's a really interesting lecture about the history of currency in Iowa, and all the strange things they used for currency.
posted by Lutoslawski at 12:58 PM on October 18, 2013
posted by Lutoslawski at 12:58 PM on October 18, 2013
Just looking around quickly for Bitcoin-specific discussion, most of it is obviously online: this piece from Gegen Kapital und Nation is a good one. There's also this.
posted by RogerB at 1:03 PM on October 18, 2013
posted by RogerB at 1:03 PM on October 18, 2013
Here's a Guardian article about barter in Greece.
posted by Ruthless Bunny at 1:20 PM on October 18, 2013
posted by Ruthless Bunny at 1:20 PM on October 18, 2013
Bernard Lietaer has written a bunch of stuff about alternative currencies and has done some really interesting thinking about how the design of the currency affects our use of it. His new book looks pretty good. Don't know if it focuses on BitCoin at all, though.
posted by ropeladder at 1:31 PM on October 18, 2013
posted by ropeladder at 1:31 PM on October 18, 2013
From an Evansville strip mall, Bernard von NotHaus ran the most successful alternative currency in the country. Then the FBI raided his headquarters, arrested him, and seized eight tons of gold and silver backing the notes. But even as he awaits sentencing, the $65 million question remains: Was it really counterfeiting?
posted by UncleBoomee at 1:59 PM on October 18, 2013 [1 favorite]
posted by UncleBoomee at 1:59 PM on October 18, 2013 [1 favorite]
Some additional search terms to help you: local currencies, LETS, hour exchanges. This article came up on google search and may give a reasonable first overview of some of the ideas behind local currencies and LETS. One of the main ideas behind a lot of these is to create plentiful currencies instead of scarce currencies (though this doesn't seem to be a good search term unfortunately): the philosophy being that communities with few monetary or capital resources still have labor and knowledge resources, and an alternative currency can help communities take advantage of this and exchange these resources in an organized way that benefits everyone rather than concentrating wealth and forcing the less wealthy to do without partly as a side effect of the scarcity merely of the medium of transaction (that being currency).
You might also find more about alternative currencies (especially with a Marxist or similar perspective) if you look for them not as the main focus but as a piece of alternative economies. Cooperative or anarcho-syndicalist economies (eg. and for a larger-scale example, some of the local economies that sprung up around factory takeovers in Argentina after the financial collapse there, the autonomous regions of Spain during the Spanish Civil War, I think maybe some peojects in Cuba?), comparable worth theory, etc. A broad search term that may be relevant here, though is probably over-broad, is political economy.
If your group is up on the role of currency in an economy in the first place, thus leading to this interest in alternative currencies, then ignore my next suggestion. I highly recommend, as preliminary reading, the book "Economics for Everyone" by Jim Stanford.
posted by eviemath at 5:19 AM on October 19, 2013
You might also find more about alternative currencies (especially with a Marxist or similar perspective) if you look for them not as the main focus but as a piece of alternative economies. Cooperative or anarcho-syndicalist economies (eg. and for a larger-scale example, some of the local economies that sprung up around factory takeovers in Argentina after the financial collapse there, the autonomous regions of Spain during the Spanish Civil War, I think maybe some peojects in Cuba?), comparable worth theory, etc. A broad search term that may be relevant here, though is probably over-broad, is political economy.
If your group is up on the role of currency in an economy in the first place, thus leading to this interest in alternative currencies, then ignore my next suggestion. I highly recommend, as preliminary reading, the book "Economics for Everyone" by Jim Stanford.
posted by eviemath at 5:19 AM on October 19, 2013
(This book has a section, though very small, on alternative currencies as well, if I recall correctly.)
posted by eviemath at 5:21 AM on October 19, 2013
posted by eviemath at 5:21 AM on October 19, 2013
Paul Krugman: "Baby-Sitting the Economy: The baby-sitting co-op that went bust teaches us something that could save the world."
posted by glibhamdreck at 10:11 AM on October 19, 2013
posted by glibhamdreck at 10:11 AM on October 19, 2013
Boggs: A Comedy of Values by Lawrence Weschler is an interesting essay about the artist J. S. G. Boggs. Boggs draws pictures of banknotes, and then attempts to trade them as a work of art for the face value of the banknote. It brings up some questions about the value of money and the value of art that are worth reading.
posted by Multicellular Exothermic at 5:26 PM on October 19, 2013
posted by Multicellular Exothermic at 5:26 PM on October 19, 2013
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posted by RogerB at 12:48 PM on October 18, 2013