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Alternative Currencies

Alternative Currencies. Expert Panel: Chair: Tom Chatfield, author Michael King, Work Currency Unit (WOCU) Mary Mellor, author “The Future of Money” Keith Hart, author “The Memory Bank” Toby Baxendale, Cobden Centre Josh Ryan-Collins, New Economics Foundation. Michael King.

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Alternative Currencies

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  1. Alternative Currencies • Expert Panel: • Chair: Tom Chatfield, author • Michael King, Work Currency Unit (WOCU) • Mary Mellor, author “The Future of Money” • Keith Hart, author “The Memory Bank” • Toby Baxendale, Cobden Centre • Josh Ryan-Collins, New Economics Foundation CLIENT CONFIDENTIAL

  2. Michael King • Michael King (MK) read Economics at York University.  He then built his career upon the IT Industry and Financial Services Industry.  His major roles  in IT were within ICL for whom he ran profit centres in Iraq and Zambia. • He moved across to Reuters in the period leading up to Big Bang and was the Dealing Room Sales Manager and became Major Accounts Manager a role that included financial products. Working for Quotron, a Citibank subsidiary, he was instrumental in leading ABN AMRO into the EBS consortium. • MK created the UK’s first “Dotcom”, 21store.com, and became its MD prior to its takeover by Expansys. • MK created  the Wocu in  1996, working on it full-time since 2008. CLIENT CONFIDENTIAL

  3. Mary Mellor, author “The Future of Money” • Mary Mellor is Emeritus Professor in the School of Arts and Social Sciences at Northumbria University in Newcastle. She has published extensively on money and finance, financial exclusion, co-operation, sustainable cities, ecofeminism and economic democracy. Her most recent books are The Future of Money: From Financial Crisis to Public Resource (Pluto 2010) and The Politics of Money: Towards Sustainability And Economic Democracy (Pluto 2002). Her proposal for a sufficiency economy rests on breaking down the barriers between the money and non-money economy and the democratisation of the money system. CLIENT CONFIDENTIAL

  4. Keith Hart Goldsmiths, University of LondonUniversity of Kwazulu-Natal, DurbanUniversity of PretoriaOpen Anthropology CooperativeParis • Email: johnkeithhart@gmail.com • Website: http://thememorybank.co.uk • OAC:http://openanthcoop.ning.com • The Memory Bank: Money in an Unequal World (2000) • The Hit Man’s Dilemma (2005) • The Human Economy: A Citizen’s Guide (2010, ed with Laville & Cattani) • Economic Anthropology (2011, with C. Hann) CLIENT CONFIDENTIAL

  5. The break-up of all-purpose money and alternative currencies • All-purpose money (national monopoly currency): 4 functions in 1 symbolic form • Evolution from substance to functionality (technical & social institutions) • Functions breaking up and national community superseded Digital revolution, global distributed network of issuers, multiple monies • Financial and euro crises can be partly understood in these terms • Communities currencies often reproduce the model of national community • Their forms mimic old money when they should learn from the new • New directions in alternative currencies (first international conference at Lyon) CLIENT CONFIDENTIAL

  6. Toby Baxendale, entrepreneur – www.directseafoods.co.uk • “Toby Baxendale is an entrepreneur who built up, amongst other things, the UK's largest fresh fish supplier to the Food Service sector, see www.directseafoods.co.uk, and recently sold it. Toby is dedicated to furthering the teaching of the Austrian school of economics. He established and funded the 1st Distinguished Hayek Visiting Teaching Fellowship Program at the LSE in Honour of the Nobel Laureate F A Hayek. Toby is Chairman of The Cobden Centre. Richard Cobden's timeless principles of the abolition of legal privilege of the few at the expense of the many are worthy in this day and age to promote.” CLIENT CONFIDENTIAL

  7. Josh Ryan-Collins, nef (the new economics foundation) • Brixton Pound (B£) www.brixtonpound.org • nef-Transition-QOIN partnership to create an online payments system for social currencies • www.neweconomics.org/projects/monetary-reform CLIENT CONFIDENTIAL

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