Time Based Currency

What is Time Based Currency

An alternative currency or exchange system that uses the person-hour or any other time unit as the unit of account is referred to as a time-based currency in the field of economics. In some time-based currencies, the contributions of all individuals are valued equally; for example, one hour is equivalent to one service credit. In these types of systems, one individual donates their time to work for another individual for a period of one hour. As a result, the individual receives credit for one hour, which they may then exchange for an additional hour of labor from another volunteer. The time units that are utilized by certain individuals may be fractions of an hour. In spite of the fact that the majority of time-based exchange systems are service exchanges, which means that the majority of exchanges require the provision of services that can be measured in a time unit, it is also possible to exchange goods by “pricing” them in terms of the average national hourly wage rate.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Time-based currency

Chapter 2: Currency

Chapter 3: Ithaca Hours

Chapter 4: Local currency

Chapter 5: Seigniorage

Chapter 6: Local exchange trading system

Chapter 7: Money supply

Chapter 8: Central Bank of Malaysia

Chapter 9: Foreign exchange market

Chapter 10: Japanese yen

Chapter 11: International finance

Chapter 12: Complementary currency

Chapter 13: Mutual credit

Chapter 14: Money

Chapter 15: Currency transaction tax

Chapter 16: Fiscal localism

Chapter 17: Community Exchange System

Chapter 18: CLS Group

Chapter 19: Non-monetary economy

Chapter 20: Edgar S. Cahn

Chapter 21: Teruko Mizushima

(II) Answering the public top questions about time based currency.

(III) Real world examples for the usage of time based currency in many fields.

Who this book is for

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Time Based Currency.