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Showing posts with the label labour vouchers

Robert Owen money

MSPs will debate a motion by Labour MSP Bill Butler calling for Robert Owen to feature on Scottish bank-notes in time for the United Nations Year of Co-operatives in 2012.

Socialist Courier is reminded of one of Robert Owen’s claim to fame. Labour vouchers (or labour cheques, labour certificates, labour-time vouchers) are a device suggested to govern demand for goods in “socialism”, much as money does today under capitalism. Originally proposed by Robert Owen in 1820, they were later taken up by Marx in 1875, to deal with the immediate and temporary shortages remaining from capitalism, if socialism had been established at that time.
Robert Owen attempted to rectify "unequal exchange" by establishing a number of producer and consumer co-operatives around the country, linked by labour exchanges. The guiding principle of these labour exchanges was that goods were exchanged according to their value as measured by labour time, with non-circulating labour notes used to facilitate th…