6.26.2013
Time banking / Time Credit (UK) / Time Dollar (US)
Time banking is
a pattern of reciprocal service exchange that uses units of time as currency.
It is an example of a complementary monetary system.
A time bank, also known as a service exchange, is a community that practices
time banking.
The unit of currency, always valued at an hour's worth of any person's labor, used by these groups has various names, but is generally known as a time dollar in the U.S. and a time credit in the U.K.
Time banking is primarily used to provide incentives and rewards for work such as mentoring children, caring for the elderly, being neighborly—work usually done on a volunteer basis—which a pure market system devalues. Essentially, the "time" one spends providing these types of community services earns "time" that one can spend to receive services. As well as gaining credits, participating individuals, particularly those more used to being recipients in other parts of their lives, can potentially gain confidence,social contact and skills through giving to others.
Communities therefore use time banking as a tool to forge stronger intra-community connections, a process known as "building social capital." Time banking had its intellectual genesis in the U.S. in the early 1980s.[...] Today, 26 countries have active Time Banks. There are 250 Time Banks active in the U.K. and over 276 Time Banks in the U.S.
From Wikipedia
The unit of currency, always valued at an hour's worth of any person's labor, used by these groups has various names, but is generally known as a time dollar in the U.S. and a time credit in the U.K.
Time banking is primarily used to provide incentives and rewards for work such as mentoring children, caring for the elderly, being neighborly—work usually done on a volunteer basis—which a pure market system devalues. Essentially, the "time" one spends providing these types of community services earns "time" that one can spend to receive services. As well as gaining credits, participating individuals, particularly those more used to being recipients in other parts of their lives, can potentially gain confidence,social contact and skills through giving to others.
Communities therefore use time banking as a tool to forge stronger intra-community connections, a process known as "building social capital." Time banking had its intellectual genesis in the U.S. in the early 1980s.[...] Today, 26 countries have active Time Banks. There are 250 Time Banks active in the U.K. and over 276 Time Banks in the U.S.
From Wikipedia
6.24.2013
Responsibility vs. Liability
Briefly: a
person is responsible for duties and is liable for obligations.
Responsibility is an obligation you have to do something. "You're responsible for finishing your work".
Liability means that you're subject to repercussion if your duties are not finished.
"You're liable to get in trouble if you don't finish your work" .
Responsibility is an obligation you have to do something. "You're responsible for finishing your work".
Liability means that you're subject to repercussion if your duties are not finished.
"You're liable to get in trouble if you don't finish your work" .
6.13.2013
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