Michael Linton
Encyclopedia
Michael Linton is the designer of a Local Exchange Trading System
(LETS) known as LETSystem, an open form of money
, or personal and practical arrangement of community currency. The first of very many instances of this design was originated in Comox Valley
, BC
, Canada
, in 1982.http://www.lets-linkup.com/77-Canada.htm
Many if not most of the hundreds of LETS within the UK
, Canada and Australia
and probably thousands of similar systems elsewhere, involve a members' agreement identical to or based closely on Michael Linton's original LETSystem design.
Linton is the director of Landsman Community Services, Ltd., a company whose focus is the development of "appropriate tools for community support."
Local Exchange Trading Systems
Local exchange trading systems , also known as LETSystems, are locally initiated, democratically organised, not-for-profit community enterprises that provide a community information service and record transactions of members exchanging goods and services by using the currency of locally created...
(LETS) known as LETSystem, an open form of money
Money
Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past,...
, or personal and practical arrangement of community currency. The first of very many instances of this design was originated in Comox Valley
Comox Valley
The Comox Valley is a region on the east coast of Vancouver Island, British Columbia, Canada that includes the city of Courtenay, the town of Comox, the village of Cumberland, and the unincorporated settlements of Royston, Union Bay, Fanny Bay, Black Creek and Merville. The communities of Denman...
, BC
British Columbia
British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
, in 1982.http://www.lets-linkup.com/77-Canada.htm
Many if not most of the hundreds of LETS within the UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, Canada and Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
and probably thousands of similar systems elsewhere, involve a members' agreement identical to or based closely on Michael Linton's original LETSystem design.
Linton is the director of Landsman Community Services, Ltd., a company whose focus is the development of "appropriate tools for community support."