Time-Based Currency

Definition of Time-based currency

From economics point of view, time-based currency is measured according to one man-hour labor. One hour equals to one service credit. In this process, one person is appointed to work on behalf another person, and the person is rewarded for one hour. Generally time-based currency is the alternative option of currency, often used by communities. 

Books on Time-based currency

Book 1 –

The Routledge Companion to Alternative Organization Edited by Martin Parker, George Cheney, Professor Department of Communication George Cheney, Valérie Fournier, Chris Land (published by Routledge, 2014)

Book 2 –

The Social Life of Money By Nigel Dodd (published by Princeton University Press, 2014)

How Time-based currency works?

Elderplan is the social HMO combined with Time Banking in order to promote active and engaged lifestyles for older members. After funds dried from the social part, members decided to pay their portions of their premiums in Time Dallas form instead of hard currency.

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