By Manuel Castells

in the course of the Western international, governments and fiscal elites answered to the monetary challenge of 2008 via attempting to fix the stipulations of industrial as traditional, however the fiscal, social and human harm inflicted by way of the drawback has given upward thrust to a reconsideration of the inevitability of unfettered capitalism as a truth of lifestyles. a couple of monetary practices and agencies emerged in Europe and the U.S. that embodied replacement values: the worth of lifestyles over the worth of cash; the effectiveness of cooperation over cut-throat festival; the social accountability of enterprises and in charge legislation via governments over the temporary speculative recommendations that introduced the financial system to the threshold of disaster.

This publication examines the blossoming of cutting edge new experiments in organizing paintings and lifestyles that emerged within the wake of the monetary challenge: cooperatives, barter networks, moral banking, group currencies, shared time banks, team spirit networks, sharing of products, non-monetary transactions, etc., experiments that prepared the ground for the emergence of a sharing financial system in all domain names of task orientated towards the delight of human wishes. different thoughts incorporated the construction of cryptographic digital currencies, epitomized through bitcoin, which mixed a libertarian, entrepreneurial spirit with details expertise to supply an alternative choice to ordinary different types of forex. at the foundation of a cross-cultural research of different monetary practices, this publication develops an incredible theoretical argument: that the economic system, as a human perform, is formed through tradition, and that the range of cultures, as printed in a time of trouble, implies the potential of diverse economies reckoning on the values and gear kinfolk that outline financial associations.

This booklet should be of serious curiosity to scholars and students in sociology, economics and the social sciences often, and to somebody who needs to appreciate how our societies and economies are altering today.

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Another Economy is Possible: Culture and Economy in a Time of Crisis by Manuel Castells


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