Labor note - Revision history

Elpez: labor note moved to Labor note

2011-01-03T02:14:47Z

labor note moved to Labor note

Rev 22 at 21:33, 7 September 2009

2009-09-07T21:33:57Z

72.83.169.26: /* Disadvantages */

2008-01-21T21:02:44Z

‎Disadvantages

Joel.davis: /* See also */

2007-12-22T08:35:26Z

‎See also

Joel.davis: /* See also */

2007-12-22T08:34:23Z

‎See also

Rev 22: linking image from meta

2007-08-11T21:10:59Z

linking image from meta

62.10.158.233 at 08:10, 1 July 2007

2007-07-01T08:10:07Z

Rev 22: typo

2007-05-11T16:30:58Z

typo

Rev 22 at 15:25, 11 May 2007

2007-05-11T15:25:55Z

New page

A ''labor note'' is technically a written promise to perform a given amount of labor. Labor notes have been promoted by [[Yosiah Warren]] in his ''[[labor-for-labor]]'' payment experiments.

Warren's labor notes used hours of labor as a base unit.

{{wpthumb|502px|http://upload.wikimedia.org/wikipedia/commons/thumb/c/c7/LaborNote.JPG/500px-LaborNote.JPG|Sample labor note provided by Warren in ''[[Equitable Commerce]]''|right|http://en.wikipedia.org/wiki/Image:LaborNote.JPG}}

===Advantages over other systems===

* The currency is [[debasement]]-free. Central banks cannot print labor notes, nor they can be mined. A labor note thus will not devalue over time.
* Central banking as with bank-notes is unnecessary. Individuals are allowed to create [[debit]], up to a limit which may be decided by the local community. There is no [[usury]] or charging of interest for a debit.
* Allow ''[[labor-for-labor]]'', instead of ''labor-for-money'' payment, reducing the chances of exploited labor.

===Disadvantages===

* Presently, not a commonly recognized form of payment.
* When the labor note is not validated by a trusted third party, the seller is required to verify the identity of the payer.
* Somewhat like [[banknote]]s, labor notes may imply a certain amount of [[bureaucracy]], not present in a [[gift economy]].

===See also===

* [[Cincinnati Time Store]]
* [[Labor theory of value]]

[[Category:Alternative currencies]]
[[Category:Mutualism]]

@@ Line 22: / Line 22: @@
 * [[Labor theory of value]]
 * [[Liberty Dollar]]
-* [[Itahca Hours]]
+* [[Ithaca Hours]]
 [[Category:Alternative currencies]]

← Older revision		Revision as of 08:10, 1 July 2007
Line 24:		Line 24:
	[[Category:Alternative currencies]]		[[Category:Alternative currencies]]
	[[Category:Mutualism]]		[[Category:Mutualism]]
		+
		+	[[it:nota di lavoro di Warren]]

← Older revision		Revision as of 16:30, 11 May 2007
Line 1:		Line 1:
−	A ''labor note'' is technically a written promise to perform a given amount of labor. Labor notes have been promoted by [[~~Yosiah~~ Warren]] in his ''[[labor-for-labor]]'' payment experiments.	+	A ''labor note'' is technically a written promise to perform a given amount of labor. Labor notes have been promoted by [[Josiah Warren]] in his ''[[labor-for-labor]]'' payment experiments.

	Warren's labor notes used hours of labor as a base unit.		Warren's labor notes used hours of labor as a base unit.

← Older revision	Revision as of 02:14, 3 January 2011
(No difference)

@@ Line 8: / Line 8: @@
 * The currency is [[debasement]]-free.  Central banks cannot print labor notes, nor they can be mined.  A labor note thus will not devalue over time.
-* Central banking as with bank-notes is unnecessary.  Individuals are allowed to create [[debit]], up to a limit which may be decided by the local community.  There is no [[usury]] or charging of interest for a debit.
+* Central banking as with bank-notes is unnecessary.  Individuals are allowed to create a [[debit]] of labor toward others, up to a limit which may be set by the local community.  There is no [[usury]] or charging of interest for a debit.
 * Allow ''[[labor-for-labor]]'', instead of ''labor-for-money'' payment, reducing the chances of exploited labor.
@@ Line 16: / Line 16: @@
 * When the labor note is not validated by a trusted third party, the seller is required to verify the identity of the payer.
 * Somewhat like [[banknote]]s, labor notes may imply a certain amount of [[bureaucracy]], not present in a [[gift economy]].
-â€¢ Labor notes and associated labor-only prices do not signal short-term oversupply or short-term undersupply of goods, and may delay long-term adjustment of supply.
+* Labor notes and associated labor-only prices do not signal short-term oversupply or short-term undersupply of goods, and may delay long-term adjustment of [[supply]].
 ===See also===

@@ Line 3: / Line 3: @@
 Warren's labor notes used hours of labor as a base unit.
-{{wpthumb|502px|http://upload.wikimedia.org/wikipedia/commons/thumb/c/c7/LaborNote.JPG/500px-LaborNote.JPG|Sample labor note provided by Warren in ''[[Equitable Commerce]]''|right|http://en.wikipedia.org/wiki/Image:LaborNote.JPG}}
+[[Image:LaborNote.jpg|500px|thumb|right|Sample labor note provided by Warren in ''[[Equitable Commerce]]'']]
 ===Advantages over other systems===