The double-edgedness of monetary multiplicity: How can complementary currencies promote the case for social justice?

Rolf F.H. Schroeder

EMES Conferences Selected Papers Series, ECSP-P16-11

Complementary currencies are interpreted as systems which operate within different types of boundaries.

One of these boundaries, non-convertibility or a restriction on convertibility, distinguishes them from other non-official currency experiments.

The argument put forward in this paper is that a focus solely on the monetary aspects of these systems might pave the way for a neo-liberal model of currency multiplicity.

Only alternative currencies which are to some extent detached from the capitalist market offer a chance to achieve social and ecological goals. Furthermore, this theoretical approach offers a tool to critically assess existing complementary currencies and design new ones.

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