"It is astonishing what foolish things one can temporarily believe if one thinks too long alone, particularly in economics". John Maynard Keynes (1936, The General Theory).

Saturday, 10 December 2011


En la bibliografía, la discusión sobre las monedas paralelas es casi siempre dedicada a presentar nuestro estilo de vida como algo natural, algo que puede continuar sólo por cambiar el sistema monetario. Eso es una idea de neutralidad del dinero en reverso: la teoría clásica dice que el dinero y el sistema monetario son neutrales en relación a la economía. Ahora, la discusión se hace sobre la pregunta si el sistema monetario es neutral a la estructura del sistema económico. Es decir, la teoría parece (escribo “parece”, porque no es algo claro y por supuesto no se han hecho tales investigaciones) conceptualizando la moneda como neutral en relación con la economía y especialmente a la economía política de nuestra sociedad.

Por ejemplo, si bien el trabajo de mujeres no es muy valorado (o, en muchas veces no es valorado de ninguna manera) en la economía convencional, en la literatura de monedas paralelas no vemos un gran esfuerzo por valorizar el trabajo de mujeres mucho más que lo que ellas reciben cuando su trabajo se paga con dinero convencional, y sin embargo se acepta una valorización injusta que deja al trabajo femenino al margen de la economía. Es decir,

Tuesday, 6 December 2011

"And, which is the role of crisis, at the end of the day, in all this?|

This is a question I deal with almost every day - the correct answer is "we do not know". An even better answer is "we have not yet discovered the answer (and the explanation of it).

I am currently preparing the related dissertation chapter, i.e. all this inquiry on whether and how the "crisis" has affected the development and dispersion of economic aactivity without official currency in Greece. The main outline of the chapter can be found on the following presentation (in Greek)

(copy the link or open the link at the left column of the blog).

Once the paper is ready, it will also be published!

How environmental awareness can be practical and funny while puzzling economists

One of the articles recently published in the Journal of Innovation Economics is the updated and thoroughly corrected and (i hope) improved version of the paper I had prepared a year ago for the Conference "Environment, Innovation and Sustainable Development".
You may read the entire paper in English on the following link
(copy the link or open the link at the left column of the blog).

Below is the abstract of the paper:

How environmental awareness can be practical and funny while puzzling economists: exchange networks, parallel currencies & free bazaars in Greece
This paper is part of a large ongoing field research project dealing with economic activity in Greece performed without the use of any official currency. The schemes studied range from parallel currencies to free bazaars and from specialized exchange networks to businesses accepting used public transport tickets as partial payment by customers. Exchange and bazaars often take place via fairs and parties, some of which have already become famous and attract hundreds of people, although most of the schemes are quite recent and still develop. The scope of this paper is, therefore: a) To present the theoretical, connected to environment, issues that the project aims to deal with, and b) To present the findings of the first, qualitative stage of the field research that might enlighten us on how the environment as an idea and motive leads people to invent new ways of transacting.