Time Banking: The Missing Link

Bibhu Dash () and Namrata Sandhu
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Bibhu Dash: Chitkara University
Namrata Sandhu: Chitkara University

Development, 2018, vol. 61, issue 1, 164-171

Abstract: Abstract This study encompasses a thorough literature review of studies on the concept of alternative capital, community currency, time banking, time exchanges and how Time Banks impact the cultural, emotional and social elements of individuals. It also tries to emphasize if alternative money is an inherent need to achieve wholesome capital and if so what factors influence it. The study starts by trying to find various forms of capital and if there exists an inherent need for individuals to look beyond existing currency to alternate forms of capital in order to achieve wholesome satisfaction from capital. It goes further encompassing a thorough literature review of research done on the concepts of alternative capital, community currency, Time Banking, time exchanges and factors dominating the need for such alternate currency exchange systems. The findings focus on the ways in which Time Banks impact the cultural, emotional and social fabric of individuals while, exploring if the concept of Time Banking could be a missing solution for integrated social inclusion of vulnerable communities.

Keywords: Wholesome capital; Time banking; Time exchange; Capital value; LETS (search for similar items in EconPapers)
Date: 2018
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DOI: 10.1057/s41301-018-0177-2

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