Community-based economics
Community-based economics or community economics is an economic system that encourages local substitution. It is most similar the lifeways of those practicing voluntary simplicity, including traditional Mennonite
The Mennonites are a group of Christian Anabaptist denominations named after the Frisian Menno Simons , who, through his writings, articulated and thereby formalized the teachings of earlier Swiss founders...

, Amish
The Amish , sometimes referred to as Amish Mennonites, are a group of Christian church fellowships that form a subgroup of the Mennonite churches...

, and modern eco-village communities. It is also a subject in urban economics
Urban economics
Urban economics is broadly the economic study of urban areas; as such, it involves using the tools of economics to analyze urban issues such as crime, education, public transit, housing, and local government finance...

, related to moral purchasing and local purchasing
Local purchasing
Local purchasing is a preference to buy locally produced goods and services over those produced more distantly. It is very often abbreviated as a positive goal 'buy local' to parallel the phrase think globally, act locally common in green politics....


Various specific programs for community economics and local currency
Local currency
In economics, a local currency, in its common usage, is a currency not backed by a national government , and intended to trade only in a small area. As a tool of fiscal localism, local moneys can raise awareness of the state of the local economy, especially among those who may be unfamiliar or...

, e.g. Ithaca Hours
Ithaca Hours
The Ithaca HOUR is a local currency used in Ithaca, New York and is the oldest and largest local currency system in the United States that is still operating. It has inspired other similar systems in Madison, Wisconsin; Corvallis, Oregon; and a proposed system in the Lehigh Valley, Pennsylvania...

, are often promoted in green politics
Green politics
Green politics is a political ideology that aims for the creation of an ecologically sustainable society rooted in environmentalism, social liberalism, and grassroots democracy...

. Notably, the Ten Key Values of the Green Party include them as fundamental parts of a green program.

Recently, the more mainstream approach of Independent Business Alliance
Independent Business Alliance
The term Independent Business Alliance refers to local affiliates of the American Independent Business Alliance . According to AMIBA's website, "An IBA is a coalition of locally-owned independent businesses, citizens and community organizations united to support home town businesses in a community...

 organizing has spread across the U.S., helping independent, locally-owned businesses compete effectively and countering the spread of corporate chains at the local level.

See also

  • Economic Democracy
    Economic democracy
    Economic democracy is a socioeconomic philosophy that suggests a shift in decision-making power from a small minority of corporate shareholders to a larger majority of public stakeholders...

  • Fundamentals of economics
  • Anarchist economics
    Anarchist economics
    Anarchist economics is the set of theories and practices of economics and economic activity within the political philosophy of anarchism.-Early views:...

  • Eco-communalism
    Eco-communalism is an environmental philosophy based on ideals of simple living, self-sufficiency, sustainability, and local economies. Eco-communalists envision a future in which the economic system of capitalism is replaced with a global web of economically interdependent and interconnected...

  • J. K. Gibson-Graham
    J. K. Gibson-Graham
    J.K. Gibson-Graham is a pen name shared by feminist economic geographers Julie Graham and Katherine Gibson. Their first book The End of Capitalism was published in 1996, followed by A Postcapitalist Politics in 2006...

  • Local Food Plus
    Local Food Plus
    Local Food Plus is a Canadian non-profit organization that brings farmers and consumers together to build regional food economies. LFP certifies farmers and processors in Ontario, Atlantic Canada, British Colombia and the Canadian Prairies who use sustainable practices, and helps connect farmers...

    Worldwide Opportunities on Organic Farms , also known as "Willing Workers On Organic Farms", is a loose network of national organisations that facilitate placement of volunteers on organic farms. While there are WWOOF hosts in 99 countries around the world, no central list or organisation...

External links

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