Makoto Nishibe Knihy

The book explores a novel approach to institutional design, emphasizing the role of community currencies as adaptive solutions to economic challenges like financial instability and community decline due to globalization. It argues that diverse monetary institutions can coexist and thrive, offering a realistic alternative to conventional national financial systems. By framing community currencies as platforms that embody both economic and social values, the text highlights their potential to reshape market dynamics and foster noncapitalistic economic practices through an evolutionist institutional design perspective.

Exploring globalization through Polanyi's socioeconomic principles of exchange, reciprocity, and redistribution, this book offers a deep analysis of its fundamental meaning and significant effects. It presents a coherent theoretical framework for understanding the evolution of market and capitalist economies, particularly focusing on the process of commodification and Marx's concept of market internalization within communities and states. The work aims to illuminate the complex interactions between economic systems and societal structures.