Local Economies

Why The ‘Local Multiplier Effect’ Always Counts

June 17, 2025 Tricia Truit, Grassroots Economic Organizing. Create! Local Currency, Local Economies, Money, New Economy

The Local Multiplier Effect (LME) is a very valuable, hidden feature of our economies. The term refers to how many times dollars are recirculated within a local economy before leaving through the purchase of an import. Famed economist John Maynard Keynes first coined the term "Local Multiplier Effect" in his 1936 book The General Theory of Employment, Interest and Money. Imagine a hypothetical influx of money, say one million dollars, entering a local economy. Now imagine these dollars are spent on local goods and services. Imagine that each of the local vendors who earned those dollars then re-spends that money on more local goods and services.

The Globalized, Industrialized Food System Is Destroying The World

November 4, 2024 Helena Norberg-Hodge, Counter Punch. Create! climate crisis, Food and Agriculture, Food Security, Local Economies

We can thank small farmers, environmentalists, academic researchers, and food and farming activists for advancing ecologically sound food production methods. Agroecology, holistic resource management, permaculture, and other methods can address many of the global food system’s worst impacts, including biodiversity loss, energy depletion, toxic pollution, food insecurity, and massive carbon emissions. These inspiring testaments to human ingenuity and goodwill have two things in common: They involve smaller-scale farms adapted to local conditions and depend more on human attention and care than energy and technology.

How To Unite Local Initiatives For A More Sustainable Global Future

May 5, 2024 Vasilis Kostakis and Nikiforos Tsiouris, Resilience. Create! Local Economies, Sustainability, The Commons, wealth inequality

This article challenges the belief in high-tech solutions to solve socio-environmental crises, proposing a political vision beyond “green growth” and “ecomodernism.”. It advocates for a commons-based technology framework, promoting collective resource management for sustainability. We thus introduce “cosmolocal” production, a configuration that strives to connect communities around shared resources and serve their needs while minimizing ecological impact. Despite acknowledged tensions, we contend that the cosmolocal framework could foster institutional and social change, aiming to address environmental degradation and wealth inequality.

assetto corsa mods

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