localisation

In this paper I examine the politics behind the establishment of Local Exchange Trading Schemes or LETS. By deploying concepts of the ‘heterotopia’ and of ‘micropolities’, I examine the extent to which advocates of LETS as a resistant space have developed a micropolitical tool that enables the realisation of resistant conceptions of money and exchange, of livelihood, community, and cooperation. A fourfold conception of the heterotopia is developed to examine, first, the multiplicity of resistant conceptions of money and work developed by participants.

This paper critically but sympathetically examines eco-localisation as a response to ‘peak oil’ and to reduce the emission of CO₂ to avoid dangerous climate change. Rather than seeing the politics of climate change and peak oil as in some way ‘post-political’, the paper argues that protagonists of localised economies are developing radical new conceptions of livelihood and economy that directly cut against the logic of growth-based capitalist economic strategies and elite conceptualisations of economic development.

The concept of economic localization, although receiving increasing academic and practical interest, still lacks a solid theoretical background. Our aim here is to suggest a working definition of the term economic localization and to outline its possible interpretations and operationalizations.