![\"\"](\"http:\/\/www.sustainable-everyday-project.net\/emude\/files\/2013\/04\/emudecases_35.jpg\" "\\"emudecases_35\\"")
<\/p>\n<\/p>\n
LETS is an acronym for Local Exchange Trading System<\/strong><\/p>\n Key Innovation<\/strong> Problematic background and context<\/strong> Solution description<\/strong> Timeframe<\/strong> Development phase<\/strong> Revenue\/costs model<\/strong> Social evaluation<\/strong> Environmental evaluation<\/strong> Economical evaluation<\/strong> Authors<\/strong> LETS is an acronym for Local Exchange Trading System Key Innovation An alternate currency allows the trading of goods and services amongst members of the community. Problematic background and context The original project started in 1976, when a group who were members of \u2018friends of the earth\u2019 decided to start a \u2018LETS\u2019 scheme in Ayr. […]<\/p>\n","protected":false},"author":1,"featured_media":16,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[],"class_list":["post-15","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-slider"],"_links":{"self":[{"href":"http:\/\/www.sustainable-everyday-project.net\/emude\/index.php?rest_route=\/wp\/v2\/posts\/15","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sustainable-everyday-project.net\/emude\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sustainable-everyday-project.net\/emude\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sustainable-everyday-project.net\/emude\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sustainable-everyday-project.net\/emude\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15"}],"version-history":[{"count":4,"href":"http:\/\/www.sustainable-everyday-project.net\/emude\/index.php?rest_route=\/wp\/v2\/posts\/15\/revisions"}],"predecessor-version":[{"id":332,"href":"http:\/\/www.sustainable-everyday-project.net\/emude\/index.php?rest_route=\/wp\/v2\/posts\/15\/revisions\/332"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.sustainable-everyday-project.net\/emude\/index.php?rest_route=\/wp\/v2\/media\/16"}],"wp:attachment":[{"href":"http:\/\/www.sustainable-everyday-project.net\/emude\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sustainable-everyday-project.net\/emude\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sustainable-everyday-project.net\/emude\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nAn alternate currency allows the trading of goods and services amongst members of the community.<\/p>\n
\nThe original project started in 1976, when a group who were members of \u2018friends of the earth\u2019 decided to start a \u2018LETS\u2019 scheme in Ayr. It folded 10 years ago but was resurected in 1997.<\/p>\n
\nThere are currently 40 members from around ayrshire actively trading. Names, addresses and offers or skills are in a directory and members trade anything from catering through to plants and plumbing. The currency is \u2018thistles\u2019 and the standard rate is 30 thistles per hour, which equates to \u00a36.<\/p>\n
\nRecent version running for 8 years.<\/p>\n
\nDiffusion:
\nModel is easy to implicate elsewhere – a pack is available explaining how to start up a scheme.
\nMaturity:
\nIn terms of LETS this is a relatively young scheme which is still improving and maturing.<\/p>\n
\nStarting up costs and subscriptions are around \u00a320 per member, other than that all trading is \u2018free\u2019 in normal monetary terms. Sometimes traders pay for materials etc.<\/p>\n
\nExcellent for encouraging inclusive communities, providing internal support and empowering people.<\/p>\n
\nSharing skills, products and knowledge reduces (in many cases) material consumption.<\/p>\n
\nThis does not have any positive bearing on the present consumptive economy, but is a good example of where we should be heading.<\/p>\n
\nIan Grout \/ The Glasgow School of Arts \/ United Kingdom<\/p>\n","protected":false},"excerpt":{"rendered":"