@conference {1930,
	title = {Alternative currencies and de-growth: average value of labour time as basis for enhancement of interest-free credit systems},
	booktitle = {Fourth International Conference on Degrowth for Ecological Sustainability and Social Equity},
	year = {2014},
	address = {Leipzig},
	abstract = {<p>Keywords: local currencies, time credits, labour, equality, de-growth Summary This presentation considers problems and benefits that can follow from linking time cur-rencies 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 perspec-tives 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 exces-sively rigid principles of equality.</p>},
	author = {Maurizio Ruzzene}
}
