Ten Square Miles Surrounded By Reality? Materialising Alternative Economies Using Local Currencies

TLDR: In this paper, the authors examine the success of paper-based alternative currencies in facilitating convivial, sustainable localised economies and argue that local currencies should be used more proactively to stimulate new forms of concrete local production to meet locally identified needs.

Abstract: This article examines the success of paper-based alternative currencies in facilitating convivial, sustainable localised economies. Based on fieldwork in the United States, the United Kingdom and Germany, it discusses the capacity of activists to create alternative forms of currency that communicate the organisers’ visions of a localised economy, before examining material practices: for whom do the currencies work, and who struggles to use them? Using insights from a diverse economies perspective, the article argues that we cannot read off the likelihood of an economic actor using the currency from the extent of their local economic embeddedness: economic actors in similar positions respond to the same stimuli in different ways, and local business owners and activists can form productive alliances to develop their shared project. The article concludes by arguing that local currencies should be used more proactively to stimulate new forms of concrete local production to meet locally identified needs.