Communty economics

Community-based economics or community economics is an economic system that encourages voluntary simplicity, self-sufficiency, environmental sustainability, and local investing. Examples include supporting local businesses, investing in community (parks, community gardens, infrastructure), time banking/alternative currencies, mutual aid and resilience circles.

Some other definitions and descriptions of community economics:
“In a community economy our interdependence with each other and with all earth others is recognized and respected as we negotiate: what is necessary to personal, social and ecological survival; how social surplus is appropriated and distributed; how a commons is produced and sustained.” CommunityEconomies.Org

“The “new economy” represents an emerging vision for a just, sustainable, and democratic future."

Justice: A new economy must work for all people, starting with those who have historically been marginalized and exploited by racism, imperialism, classism, patriarchy, and other systems of oppression.
Sustainability: A new economy supports regeneration of both human and natural systems. It builds community resilience by rooting wealth and power in place and in service of human needs on a finite planet.
Democracy: A new economy incorporates democratic principles into the management of economic and civic life.”

— The New Economy Coalition
If a society does not have some vision of where it wants to be or what it wants to become, it cannot know whether it is heading in the right direction – it cannot even know whether it is lost.
— Samuel Alexander
Kat Walter is the coordinator of the Yellow Springs Time Bank which alternates monthly meetings between potluck dinners and organizational meetings.


Other Resources for Community Economics:

Community Economies


New Economy Coalition