Local Exchange Trading Schemes

This paper engages with recent geographical debates on alternative economic practices, arguing that insufficient attention has been paid to the scale at which they operate. Through an analysis of recent attempts to 'fix' economic activity at a scale felt to be normatively desirable through alternative currencies, the paper argues that when attempting to build non-capitalist practices, scale matters.

In this paper I examine the politics behind the establishment of Local Exchange Trading Schemes or LETS. By deploying concepts of the ‘heterotopia’ and of ‘micropolities’, I examine the extent to which advocates of LETS as a resistant space have developed a micropolitical tool that enables the realisation of resistant conceptions of money and exchange, of livelihood, community, and cooperation. A fourfold conception of the heterotopia is developed to examine, first, the multiplicity of resistant conceptions of money and work developed by participants.