Inflation and The Coming Keynesian Catastrophe

The Story of the Exeter Experiments With Constants

Business & Finance, Economics, Money & Monetary Policy, Finance & Investing, Banks & Banking
Cover of the book Inflation and The Coming Keynesian Catastrophe by Ralph Borsodi, Robert Swann, Schumacher Center for a New Economics
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Ralph Borsodi, Robert Swann ISBN: 1230000604567
Publisher: Schumacher Center for a New Economics Publication: August 12, 2015
Imprint: Language: English
Author: Ralph Borsodi, Robert Swann
ISBN: 1230000604567
Publisher: Schumacher Center for a New Economics
Publication: August 12, 2015
Imprint:
Language: English

The collection of lectures and publications from the Schumacher Center for a New Economics represents some of the foremost voices on a new economics.

What would be necessary to bring about a wide-scale monetary reform? What would an entire money and banking system look like which would change, in fact revitalize, an entire economic and social system? These were the questions that Ralph Borsodi set out to answer in this series of essays on money and banking. In the early 1970s, Schumacher Center founder Robert Swann worked with Ralph Borsodi to issue Constants, a commodity-backed currency, in Exeter, New Hampshire. The Exeter experiment began in April 1973 and ran for over a year, circulating almost 100,000 Constants in Exeter, Borsodi's hometown. To his own surprise many people began buying Constants and using them at local stores. Even the Town of Exeter accepted them as payment for parking traffic fines. Very few people ever redeemed them for dollars at the bank. What was the result of the experiment? Borsodi had proved his assumption that people were interested in a currency that did not devalue.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The collection of lectures and publications from the Schumacher Center for a New Economics represents some of the foremost voices on a new economics.

What would be necessary to bring about a wide-scale monetary reform? What would an entire money and banking system look like which would change, in fact revitalize, an entire economic and social system? These were the questions that Ralph Borsodi set out to answer in this series of essays on money and banking. In the early 1970s, Schumacher Center founder Robert Swann worked with Ralph Borsodi to issue Constants, a commodity-backed currency, in Exeter, New Hampshire. The Exeter experiment began in April 1973 and ran for over a year, circulating almost 100,000 Constants in Exeter, Borsodi's hometown. To his own surprise many people began buying Constants and using them at local stores. Even the Town of Exeter accepted them as payment for parking traffic fines. Very few people ever redeemed them for dollars at the bank. What was the result of the experiment? Borsodi had proved his assumption that people were interested in a currency that did not devalue.

More books from Schumacher Center for a New Economics

Cover of the book Eat the Sky: The Climate Crisis at the End of Your Fork by Ralph Borsodi, Robert Swann
Cover of the book The Management Explosion and the Next Environmental Crisis by Ralph Borsodi, Robert Swann
Cover of the book The Community's Role in Appropriate Technology by Ralph Borsodi, Robert Swann
Cover of the book The New Economics of Plentitude by Ralph Borsodi, Robert Swann
Cover of the book Environmental Literacy: Education as if the Earth Mattered by Ralph Borsodi, Robert Swann
Cover of the book The City and the Farm Crisis by Ralph Borsodi, Robert Swann
Cover of the book Mother of All: An Introduction to Bioregionalism by Ralph Borsodi, Robert Swann
Cover of the book Stories from an Appalachian Community by Ralph Borsodi, Robert Swann
Cover of the book Voices of a New Economics by Ralph Borsodi, Robert Swann
Cover of the book Distributing Our Technological Inheritance by Ralph Borsodi, Robert Swann
Cover of the book Local Stock Exchanges: The Next Wave of Community Economy Building by Ralph Borsodi, Robert Swann
Cover of the book The Nature of Work: How Ecosystems Can Teach Us to Build Lasting and Fulfilling Businesses by Ralph Borsodi, Robert Swann
Cover of the book Of Corporations, Law, and Democracy: Claiming the Rights of Communities and Nature by Ralph Borsodi, Robert Swann
Cover of the book Why Small is Beautiful: The Size Interpretation of History by Ralph Borsodi, Robert Swann
Cover of the book Sustainable South Bronx: A Model For Environmental Justice by Ralph Borsodi, Robert Swann
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy