|Re: Paying members - L.E.T.S.||<– Date –> <– Thread –>|
|From: Richard Morley (cohousingetobico.com)|
|Date: Fri, 25 Feb 94 13:24:50 GMT|
The L.E.T.S. * system is a framework for exchanging goods and services at a 'sub-commercial' level. It is implemented in a number of places in Great Britain, including Manchester, and had origins with a Torontonian, I believe. Essentially, it is an informaiton bank of credits and debits of notional values. Each participant sets a price for their goods or services on the guidance that one of the 'units' is worth, say, a pound. When two members of the scheme agree to do an exchange, they instruct the registrar to adujst their accounts. L.E.T.S. is a framework which can be used to provide answers to the most basic questions and reduce risks. I shall try to post some contact information or details to this list. It is certainly appropriate for co-housing communities. -- Richard Morley (sorry, cannot remember acronym's meaning - maybe Local, Enterprise, Expertise, Exchange, Trading, Scheme, System)
Results generated by Tiger Technologies Web hosting using MHonArc.