Observe. Integrate. Design

Module 21 / 25

Economic Systems

Flowers and diverse garden plantings beside an access path.

Module 20 examined how decisions and work are organized. Here, examine the forms of value and exchange that support households and community projects. Begin with human and social capital, then compare currencies, lending, banking, investment, and monetary systems. Fullerton's talk considers the purpose of finance before the book readings focus on livelihoods and household budgets.

Topics

  • Household and community economies: natural, human, social, and financial capital
  • Real wealth: degenerative, generative, and regenerative assets
  • Complementary currencies, community lending, banking, investment, and monetary systems
  • Regenerative economics and finance
  • Right livelihood and making a living

What you’ll learn

Learning goals

  • Awareness of examples of non-formal and formal economics
  • Familiarity with sustainability-related value systems such as triple bottom line

Read, watch & explore

Getting the books · access & editions

Use your own copy, buy the book, or borrow it through a library when possible. If you are local to me, contact me about borrowing a copy. You can also contact me for information about digital or other access to assigned readings.

If your edition uses different page numbers, contact me and we can match the correct section.

For articles, excerpts, videos, and other resources, use the links in the lesson. If a video player does not load, try its source link. If you cannot access a reading or media resource, or it has no link, contact me with the module number and resource title.

Ask about books, readings or media access ↗

Forms of capital and exchange

Read

Human Capital vs. Social Capital

differencebetween.com

Distinguish the knowledge and skills people bring to a project from the relationships and networks through which they cooperate. Use that distinction when comparing the forms of exchange in this module.

Open resource

Read

Complementary currencies — OpenLearn, The Open University

open.edu

Compare the exchanges described here with conventional money: what is exchanged, who participates, and how the arrangement depends on trust. Carry those questions into the community-lending and banking videos.

Open resource

Community lending, banking, and monetary systems

Watch

community lending

YouTube

Consider how lending arrangements connect people who need resources with those able to provide them.

Watch on YouTube

If the player does not load, use the source link.

Watch

banking

YouTube

Compare the banking discussion with the preceding community-lending example, paying attention to how resources are made available and decisions are made.

Watch on YouTube

If the player does not load, use the source link.

Watch

Types of Investments Video

YouTube

Compare the forms of investment described here with the knowledge, relationships, and other resources a project depends on. The monetary-systems reading then examines the arrangements through which value circulates.

Watch on YouTube

If the player does not load, use the source link.

Read

Permaculture Principles for Monetary Systems

popularresistance.org

Open resource

Watch

Regenerative Economics and the Future of Finance — John Fullerton

YouTube

Fullerton's conversation with Ricardo Bayon presents regenerative economics as a way to examine the purpose of finance. Compare his arguments with the preceding monetary-systems reading, noting how each connects financial decisions with ecological and community conditions.

Watch on YouTube

If the player does not load, use the source link.

About the talk

Livelihoods and household money

Module 20 examined how decisions and responsibilities are organized. Here, consider the resources needed to sustain your own design. Develop the budget introduced in Module 6 by separating cash costs, labour, exchanges, and non-cash benefits. Identify ongoing work or expenses, using current local costs and prices.

Book reading

Practical Permaculture

Jessi Bloom and Dave Boehnlein

Module 19 uses these pages for its income-from-acres topic. Here, apply the selection to livelihoods, business models, and alternative currencies. Consult the parts you have already studied as needed.

Pages 291 to 295: Livelihoods, business models, and alternative currencies

Book access & editions

Book reading

The Resilient Farm and Homestead

Ben Falk

Pages 427 to 430: household-money discussion

Book access & editions

Optional: the business side

If earning a livelihood through permaculture interests you, these optional videos extend the budget discussion to running a business. Consider their examples in relation to the work and ongoing resources a business requires.

Optional · Watch

3 Keys to Starting A Successful Permaculture Business

YouTube

Watch on YouTube

If the player does not load, use the source link.

Optional · Watch

Building a Permaculture Business Video

YouTube

Watch on YouTube

If the player does not load, use the source link.

Readings & resources

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