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The Time/Bank Pop-Up Shop Trades Minutes Instead of Money

 - Jul 22, 2011
References: e-flux & psfk
We all know that physical money would be worthless if we ceased to put any meaning into it, yet things like useful products and labor have always been worth something, that is why the Time/Bank pop-up shop is so culturally crucial. It forces us to reconsider what is really important in this life. People often get sidetrack by the ritual of making and spending money, but what if we just focused on the work and results that really matter?

The Time/Bank pop-up shop could be seen as utilizing barter economics, however, that is not the case. By trading in time, the Time/Bank pop-up shop does deal in principles of mutualism and the labor theory of value, but only through the concept of time. For example, three hours of carpenter's work would be considered equivalent to 3-12 pounds of corn.