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Turning values concrete: the role and ways of business selection in local currency schemes

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  • Jérôme Blanc
  • Marie Fare

Abstract

Alternative consumption schemes require the selection of producers and traders according to criteria and through processes that should make alternative values concrete. The way values turn concrete is crucial for the effectiveness of such projects. This paper investigates the ways criteria and processes are defined and their real meanings and uses through the case of associative local currencies. Drawing on the framework of proximities, it analyses local currency schemes as combining proximities (geographical and non-geographical) and selection processes set up for providers wishing to join. Selection processes may be based on a charter, an approval committee and screening criteria. The objectives of the selection, its measures in principle, the way in which it is applied as well as the practical consequences are discussed. Even when charters and formal participatory schemes for selecting providers are established, proximities appear as the keystone of selection and trust.

Suggested Citation

  • Jérôme Blanc & Marie Fare, 2016. "Turning values concrete: the role and ways of business selection in local currency schemes," Review of Social Economy, Taylor & Francis Journals, vol. 74(3), pages 298-319, September.
    • Handle: RePEc:taf:rsocec:v:74:y:2016:i:3:p:298-319
    DOI: 10.1080/00346764.2016.1168035
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    Cited by:

    1. Reyns, Ariane, 2024. "What drives businesses to transact with complementary currencies?," Ecological Economics, Elsevier, vol. 220(C).
    2. Thomas Lagoarde-Ségot & Alban Mathieu, 2024. "Ecological money and finance—upscaling local complementary currencies," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-15, December.
    3. Larue, Louis, 2020. "The Ecology of Money: A Critical Assessment," Ecological Economics, Elsevier, vol. 178(C).
    4. Jérôme Blanc, 2017. "Making Sense of the Plurality of Money : A Polanyian Attempt," Post-Print halshs-02023680, HAL.
    5. Léo Revelli, 2025. "Can complementary currencies foster sustainability? A systematic review of the impacts of environmental complementary currencies," Working Papers CEB 25-002, ULB -- Universite Libre de Bruxelles.
    6. Jérôme Blanc & Marie Fare, 2018. "Pathways to Improvement. Successes and Difficulties of Local Currency Schemes in France since 2010," Post-Print halshs-01996923, HAL.
    7. Camille Meyer & Marek Hudon, 2019. "Money and the Commons: An Investigation of Complementary Currencies and Their Ethical Implications," Journal of Business Ethics, Springer, vol. 160(1), pages 277-292, November.
    8. Camille Meyer & Marek Hudon, 2017. "Alternative organizations in finance: Commoning in complementary currencies," ULB Institutional Repository 2013/259111, ULB -- Universite Libre de Bruxelles.
    9. Larue, Louis & Meyer, Camille & Hudon, Marek & Sandberg, Joakim, 2022. "The Ethics of Alternative Currencies," Business Ethics Quarterly, Cambridge University Press, vol. 32(2), pages 299-321, April.
    10. Nina Stępnicka & Grzegorz Zimon & Dariusz Brzozowiec, 2021. "The Complementary Currency Zielony in Poland and Its Importance for the Development of Local Economy Entities during the COVID-19 Pandemic Lockdown," Sustainability, MDPI, vol. 13(16), pages 1-26, August.
    11. Jérôme Blanc & Baptiste Perrissin-Fabert, 2016. "Financing the ecological transition at local scales through local currencies [Financer la transition écologique des territoires par les monnaies locales]," Post-Print halshs-01270465, HAL.
    12. Jérôme Blanc, 2025. "Money and the ecological turn: lessons from alternative currencies," Post-Print halshs-04513773, HAL.
    13. Louis Larue, 2022. "The case against alternative currencies," Politics, Philosophy & Economics, , vol. 21(1), pages 75-93, February.
    14. Blanc, Jérôme, 2015. "Contester par projets. Le cas des monnaies locales associatives," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 18.

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