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The Past and Present of "Local Currencies"; with Especial Reference to England and Japan

Author

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  • Stephen J. DAVIES

    (Kobe University)

Abstract

The recent spread of "local currencies" in Japan is considered in the context of earlier local currencies, particularly in England and Japan, and also of rural Japan's tradition of labour exchange. The economist can best understand the role for local currencies in relation to the literature on trust and "social capital", using the latter term in the sense now used by Western economists and sociologists rather than in the sense normally understood in Japan.

Suggested Citation

  • Stephen J. DAVIES, 2003. "The Past and Present of "Local Currencies"; with Especial Reference to England and Japan," Kobe Economic & Business Review, Research Institute for Economics & Business Administration, Kobe University, vol. 47, pages 117-141, February.
    • Handle: RePEc:kob:review:feb2003::v:47:p:117-141
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    More about this item

    Keywords

    local currency; credit; reciprocity; social capital;
    All these keywords.

    JEL classification:

    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N15 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Asia including Middle East
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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