Complementary currencies: History,theory,prospects

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.

Keywords

complementary currencies Irving Fisher Silvio Gesell tax anticipation scrip tax-driven money

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