Business Law, Public Responsibility, and Ethics Commons^™

During the past few years, Local Exchange and Trading Systems (LETS) have emerged through the

United Kingdom and are being widely heralded as a new tool for promoting community development.

Indeed, 64 per cent of local authorities have expressed an intention to develop a LETS in their area (Gibbs et al, 1995). However, there has been little, if any, appraisal of LETS which can inform such policy initiatives. Therefore, the aim of this paper is to report the results of a national survey of the origins, objectives, growth, magnitude, character and impacts of LETS. Arising out of this, several alterations …