Skip to main content

LETS get real: constraints on the development of Local Exchange Trading Schemes

Buy Article:

$51.00 plus tax (Refund Policy)


Local Exchange Trading Schemes (LETS) are widely promoted as a new tool for local economic development, but until recently the focus has been on their alleged ‘potential’ rather than the realities of their operation. This paper assesses the practical economic role of LETS by examining the amount of trading conducted, and demonstrates that both the volume of trading and the value of the trades are very low. Drawing on an intensive case study of the first UK LETS created explicitly as part of a local authority's anti–poverty strategy, explanations for the low levels of participation are suggested, and significant structural constraints on the development of LETS are identified.

Keywords: Hounslow; intensive case study; local currencies; local economic development; self–help

Document Type: Research Article


Affiliations: 1: Brunel University, 2: Brunel University

Publication date: December 1, 2002


Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
Cookie Policy
ingentaconnect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more