Timebanks, a mechanism that relies on mutual collaboration to promote sustainability and cohesiveness in communities, can leverage [...]
Prof. Dr. Margrit Kennedy is an architect, an ecologist, a financial expert and a critic of the prevailing economic system. As a Professor she headed the department of “Technological Advancement and Resource Efficient Construction” at the Universtiy of Hannover’s architecture school. As early as 1982 she recognized that the broader application of ecological principals was inhibited by fundamental flaws in the monetary system, especially the consistent need for economic growth resulting from interest and compound interest. Through her continuous research and scrutiny she became an expert on the subject, working on practical solutions for essential Problems:
How can we create a sustainable monetary system?
What characterizes monetary systems which do not collapse repeatedly and which serve us rather than control us?
Where can we find examples of well-working monetary systems in the past and present?
Her book ‘Interest and Inflation-Free Money, Creating an Exchange Medium that works for Everybody and Protects the Earth’ was published first in 1987 and updated and revised in 1995: Seva International, Mumbai, India & Okemos, Michigan, USA – email@example.com, you can find it here.
As a consultant in complementary currencies, she helped in the preparation for creating a sustainable money system with demurrage for the planned international city of Aurovillle, India, for Cali, Columbia, for different Regions in Argentina, Germany und New Zealand. Margrit and her husband, Prof. Declan Kennedy, have been running international workshops on different aspects of monetary reform, in English and German, since 1988 in Steyerberg.