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Spending Time Locally: The Benefit of Time Banks for Local Economies

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  • Lee Gregory

Abstract

This article explores the potential role of time banks in re-building and sustaining local economies based on two key issues: that time credits need to show that they can help people dependent on limited financial resources; and that they can interact with local businesses. The potential of time credits to interact with local economies has been questioned as alternative community currencies show greater compatibility with business. However, this paper argues that the potential of time credits is substantial. Drawing on recent research with a time bank in the Welsh valleys, this paper explores these two issues, to consider the potential of time banks for local economies, beyond their social intervention status.

Suggested Citation

  • Lee Gregory, 2009. "Spending Time Locally: The Benefit of Time Banks for Local Economies," Local Economy, London South Bank University, vol. 24(4), pages 323-333, June.
    • Handle: RePEc:sae:loceco:v:24:y:2009:i:4:p:323-333
    DOI: 10.1080/02690940903026852
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    References listed on IDEAS

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    1. Gill Seyfang, 2006. "Sustainable consumption, the new economics and community currencies: Developing new institutions for environmental governance," Regional Studies, Taylor & Francis Journals, vol. 40(7), pages 781-791.
    2. Gill Seyfang, 2001. "Community Currencies: Small Change for a Green Economy," Environment and Planning A, , vol. 33(6), pages 975-996, June.
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    Cited by:

    1. Seyfang, Gill & Longhurst, Noel, 2013. "Growing green money? Mapping community currencies for sustainable development," Ecological Economics, Elsevier, vol. 86(C), pages 65-77.
    2. Nina K. G. Walker & Yong Chen, 2019. "Social Innovation in Tourism: Unleashing The Time-Money Constraint," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 10(4), pages 1700-1719, December.

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