The colours of money: artmoney as community currency

Banks, M. (2011) The colours of money: artmoney as community currency. International Journal of Community Currency Research, 15, pp. 77-81.

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Publisher's URL: https://ijccr.files.wordpress.com/2012/05/ijccr-2011-special-issue-15-banks.pdf

Abstract

Artmoney is a community currency based on the production and exchange of original art. Critical of the cold and objective nature of conventional transactions, the Danish artist Lars Kraemmer first devised artmoney as a means to a more humanised and expressive type of monetary exchange, intending to bring people together in affective, rather than impersonal, forms of trade. Artmoney provides a means of stimulating trade amongst artists and non-artists outside of the conventional money economy, and has grown steadily to become a global currency traded in over 70 countries. Drawing from ongoing research, this article asks, what is the meaning and value of art-money in a global cultural economy? What alternative does it present and what economic futures (or pasts) does it anticipate? Presenting preliminary findings from interview research with art-money producers, this article outlines some of the motives for becoming involved in this art/currency project, and some of the contradictions and challenges raised in its production and circulation.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Banks, Professor Mark
Authors: Banks, M.
College/School:College of Arts > School of Culture and Creative Arts > Theatre Film and TV Studies
Journal Name:International Journal of Community Currency Research
Publisher:University of Leicester
ISSN:1325-9547
ISSN (Online):1325-9547

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