Bashkir Wörgl: Succesfsful Farm Rescue. Implementing Gesell Money in the Shaimurat Farm, Russia

Authors

  • Vladim E. Ljovkin Tyumen State University
  • Anastasia O. Ljovkina Tyumen State University

DOI:

https://doi.org/10.1285/i20356609v13i1p564

Keywords:

local currency, complementary currency, shaimuratiks, Shajmuratovo experiment, Gesell's money, free shillings, Wörgl

Abstract

Gesell's money has been successfully used in different territories during social-economic crises to boost business growth and to improve the welfare of the territory. However, this money has remained an exotic, rarely used tool. This situation makes it particularly important to analyze every case of using this complementary currency in different contexts. The purpose of this article was to describe a new case of using Gesell money in Shaymuratovo agricultural enterprise (Karmaskalinsky district, Bashkiria, Russia) and analyze it through the comparison of its social-economic effects with the results of the most famous case of using Gesell's money - Wörgl case. We revealed common positive social-economic effects of using the complementary currency: maintaining employment and creating new jobs, increasing turnover, stimulating business activities, developing infrastructure, paying off debts and improving the social-economic at-mosphere. We concluded that historical, geographical, political and other circumstances of implementing Gesell's money may determine its viability, specific form, rules of its functioning, and quantitative results. Nevertheless, implementing Gesell money has common types and qualitative characteristics of anti-crisis social-economic effects.

Author Biographies

Vladim E. Ljovkin, Tyumen State University

Vadim Ljovkin is Association Professor at the Department of General and Social Psychology at the University of Tyumen, PhD in Philosophy. He is an expert of HR Laboratory of the University of Tyumen since January 1st, 2020. Research interests are: quality of life, communities’ sustainable development and critical thinking development.

Anastasia O. Ljovkina, Tyumen State University

Anastasia Ljovkina is Professor at the Department of Economic Security, System Analysis and Control at the University of Tyumen, PhD in Economics. She is a Vice Director of the Financial-Economic Institute since January 1st, 2019 and Director of the Center of Arctic Initiatives since 2018. In addition to academic research and lectures at the university, Professor Ljovkina is a member of network “Innovation development of Arctic regions” and “Research Association on Monetary Innovation and Community and Complementary Currency Systems”. Searching effective social-economic tools for communities’ sustainable development is her main general scientific interest.

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Published

21-04-2020