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Abstract: This presentation considers problems and benefits that can follow from linking time currencies to an average social value of labour time. The link to an average social value of labour time (i.e. applying an average hourly wage to a standard time unit) can greatly ex-tend the application of time-based currencies. It can significantly enhance their interest-free long-term credit functions. Overall it may extend the interest-free credit function to financing public economies and care activities. Various benefits for de-growth perspectives are also possible. Time-based currencies are linked to limited resources, like avail-able labour time, and cannot grow in an uncontrolled manner as does monetary wealth. Furthermore reference to an average social value principle can support the search for more equitable and responsible exchange relations without being hampered by excessively rigid principles of equality.
Keywords: local currencies, time credits, labour, equality, de-growth