Complementary Currencies as a Socio-Technical Innovation. Evidence from a local clearing union in Italy

<span class="abs_content">The paper points out the importance of considering how the technical solutions adopted in the development of a complementary currency (CC) are related to all the other ingredients required for the establishment of a monetary institution. In particular, the a...

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Autores principales:	Marco Fama, Elena Musolino
Formato:	article
Lenguaje:	EN
Publicado:	Coordinamento SIBA 2020
Materias:	complementary currencies local clearing unions linx money mutual credit systems Political science (General) JA1-92
Acceso en línea:	https://doaj.org/article/b4ce75996940412db5cf938228a74ffb
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spelling	oai:doaj.org-article:b4ce75996940412db5cf938228a74ffb2021-11-21T15:11:41ZComplementary Currencies as a Socio-Technical Innovation. Evidence from a local clearing union in Italy1972-76232035-660910.1285/i20356609v13i1p462https://doaj.org/article/b4ce75996940412db5cf938228a74ffb2020-04-01T00:00:00Zhttp://siba-ese.unisalento.it/index.php/paco/article/view/21997https://doaj.org/toc/1972-7623https://doaj.org/toc/2035-6609<span class="abs_content">The paper points out the importance of considering how the technical solutions adopted in the development of a complementary currency (CC) are related to all the other ingredients required for the establishment of a monetary institution. In particular, the authors aim to shed light on the social implications deriving from the choice to adopt a specific monetary architecture, and how this choice interacts with the other institutional conditions of economic transactions. In doing so, they present the results of empirical research on a clearing-based currency project, showing that monetary tools are likely to produce effects which, far from being a smooth projection of pre-existing social dynamics, are the result of a dialectical process that is also influenced by the way they are technically designed. Even in the case of top-down CC projects, new forms of sociality can emerge from a process of "learning by doing", where monetary innovations serve as a laboratory allowing its users to experiment new ways of combining social and economic interactions. For this to happen, currency projects must be sustained by a whole set of relational, educational and economic resources, but the way they are technically designed deeply affect the conditions required for their institutionalisation.</span><br />Marco FamaElena MusolinoCoordinamento SIBAarticlecomplementary currencieslocal clearing unionslinxmoneymutual credit systemsPolitical science (General)JA1-92ENPartecipazione e Conflitto, Vol 13, Iss 1, Pp 462-486 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	complementary currencies local clearing unions linx money mutual credit systems Political science (General) JA1-92
spellingShingle	complementary currencies local clearing unions linx money mutual credit systems Political science (General) JA1-92 Marco Fama Elena Musolino Complementary Currencies as a Socio-Technical Innovation. Evidence from a local clearing union in Italy
description	<span class="abs_content">The paper points out the importance of considering how the technical solutions adopted in the development of a complementary currency (CC) are related to all the other ingredients required for the establishment of a monetary institution. In particular, the authors aim to shed light on the social implications deriving from the choice to adopt a specific monetary architecture, and how this choice interacts with the other institutional conditions of economic transactions. In doing so, they present the results of empirical research on a clearing-based currency project, showing that monetary tools are likely to produce effects which, far from being a smooth projection of pre-existing social dynamics, are the result of a dialectical process that is also influenced by the way they are technically designed. Even in the case of top-down CC projects, new forms of sociality can emerge from a process of "learning by doing", where monetary innovations serve as a laboratory allowing its users to experiment new ways of combining social and economic interactions. For this to happen, currency projects must be sustained by a whole set of relational, educational and economic resources, but the way they are technically designed deeply affect the conditions required for their institutionalisation.</span><br />
format	article
author	Marco Fama Elena Musolino
author_facet	Marco Fama Elena Musolino
author_sort	Marco Fama
title	Complementary Currencies as a Socio-Technical Innovation. Evidence from a local clearing union in Italy
title_short	Complementary Currencies as a Socio-Technical Innovation. Evidence from a local clearing union in Italy
title_full	Complementary Currencies as a Socio-Technical Innovation. Evidence from a local clearing union in Italy
title_fullStr	Complementary Currencies as a Socio-Technical Innovation. Evidence from a local clearing union in Italy
title_full_unstemmed	Complementary Currencies as a Socio-Technical Innovation. Evidence from a local clearing union in Italy
title_sort	complementary currencies as a socio-technical innovation. evidence from a local clearing union in italy
publisher	Coordinamento SIBA
publishDate	2020
url	https://doaj.org/article/b4ce75996940412db5cf938228a74ffb
work_keys_str_mv	AT marcofama complementarycurrenciesasasociotechnicalinnovationevidencefromalocalclearingunioninitaly AT elenamusolino complementarycurrenciesasasociotechnicalinnovationevidencefromalocalclearingunioninitaly
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Complementary Currencies as a Socio-Technical Innovation. Evidence from a local clearing union in Italy

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