The idea of constructing a monetary system without (positive) interest rates can be traced to the German-Argentine businessman Silvio Gesell and the French economist Maurice Allais. Gesell observed the booms and busts of the economy in which he was doing business and developed the idea that fluctuating currency circulation leads to oscillating economic activity. When […]

read more

The NuSpaarpas loyalty system for sustainable behaviour was a project that took place in the Netherlands between 2000 and 2002, in which people could collect ‘bonus points’ for activities benefiting the environment: sorting waste, shopping with 100 local shops or by buying environmentally-friendly or Fair Trade products. The project was a partnership between the Rotterdam […]

read more

In June 2014 the European Central Bank dropped its base interest rate below 0% for the first time. It charges “negative interest” on overnight deposits of commercial banks and is not the first or only bank to do this. With this policy central banks hope to stimulate commercial banks to make loans into the real […]

read more

All the great religions include a ban on usury, the charging of unjust interest, and Islamic Banking still practices this principle today. Very worldly businesses that also practice interest-free banking include the Swedish JAK-Genossenschaftsbank, in which customers save and lend money without interest, regional currencies, or the idea of a currency with a “circulation incentive”, […]

read more

Euro, Dollar, Pound and Yen are under fire from some critics: these currencies have lost their connection with the real economy and take no account of the scarcity of real resources or the distinctive features of particular regions. The necessity of growth and the maximization of profit are pre-programmed by the system of credit creation. […]

read more

LETS Local Exchange Trading Systems (LETS) may be regarded as a professionalization and further development of neighborly help. On the one hand, they allow participants to meet each other’s needs without using money. On the other hand, alongside the material benefits, idealistic and social elements also play a large role. The aim of exchange rings, […]

read more

Exchange rings give participants the opportunity to offer and exchange their goods and services with each other without using national currencies as a medium of exchange. Exchanges within the network are accounted for with units of time, points, ‘talents’ or even using whatever internal unit the members have agreed upon, which could also be national […]

read more

Parallel currencies are currencies that are issued by the state as an official second currency alongside legal tender currency and can also be designated as legal tender. A parallel currency can be a stable, hard currency (e.g., a foreign currency) that is used alongside a weak national currency, to combat hyperinflation in the national currency […]

read more

The American philosopher Charles Eisenstein has popularized the idea of ‘living in the gift’. This means a culture in which people share with each other without expecting something in return. Large areas of our lives only work through the gift economy: most work done in families works on the principle of the ‘gift economy’, for […]

read more

All loyalty points systems such as Air Miles, Nectar Points etc. aim to persuade customers to remain loyal to a particular company. Customers of a particular company collect points, which they can exchange for discounts with the issuing company or its partners. Points can be in electronic or paper voucher form. These so-called private corporate […]

read more