LOCAL EXCHANGE TRADING SYSTEMS (LETS) AS ALTERNATIVE TO THE CAPITALIST ECONOMIC SYSTEM

Doris-Louise Popescu
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Doris-Louise Popescu: Lucian Blaga University of Sibiu

Revista Economica, 2018, vol. 70, issue 6, 30-34

Abstract: The phenomenon of LETS emerged as reaction to the deficiencies of the capitalist economic system. Far from diminishing its importance in society, the Local Exchange Trading Systems are multiplying, communities from all over the world embracing with enthusiasm this new vision on economy. A certain revitalization of the topic occurs during the economic crisis. Since a new crisis appears as imminent, approaching this subject is more than appropriate. Our study aims in pointing out the way the Local Exchange Trading Systems are positioning in relation to the main principles of the capitalist system, respectively to set forth in what consists the alternative economic vision promoted by LETS.

Keywords: trading system; capitalism; local economy; exchange (search for similar items in EconPapers)
JEL-codes: A14 Z13 (search for similar items in EconPapers)
Date: 2018
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