3 Matching Annotations
  1. Aug 2023
    1. When the Welsh social reformer Robert Owen established New Harmony in 1825, on 20,000 acres in Indiana, he attracted an enthusiastic following, gaining more than 800 members in just a little over six weeks.
      • for: intentional communities - case study - New Harmony
      • paraphrase
        • New Harmony
        • Year: 1825
        • Location: Indiana
        • Size: 20,000 acres
        • Members: 800 in first 6 weeks
        • ideals
          • environment
          • education
          • abolish private property
        • problems
          • low percentage of hard skills
            • 140 of 800 had skills contributing to local industry,
            • 36 were skilled farmers
          • indiscriminate and allowed too many without skills to join
          • intentional communities are often the most attractive for a dangerous constellation of actors
            • dreamers,
            • drifters,
            • seekers in need of belonging,
            • the needy and wounded,
            • the egomaniacal and power-thirsty
            • free riders, lazy and without skills
          • founder was absent a large percentage of the time
  2. Apr 2023
    1. Labour Exchange - Encyclopedia

      Encyclopedia Britannica 1911

    2. Tradesmen, too, were quick to see that the exchange might be worked to their advantage; they brought unsaleable stock from their shops, exchanged it for labour notes, and then picked out the best of the saleable articles. Consequently the labour notes began to depreciate; trouble also arose with the proprietors of the premises, and the experiment came to an untimely end early in 1834.

      The labour exchange at Gray's Inn Road which began on September 3, 1832, which was based on Robert Owen's idea in The Crisis (June 1832), eventually collapsed in 1834 as the result of Greshham's Law in which "bad money drives out good." In this case, rather than money the object was the relative value of goods which were exchanged based on Labour notes. Labour notes were used to exchange unsaleable stock in shops for labour notes which were then used to purchase more valuable goods. This caused depreciation of the labor notes ultimately causing the experiment to collapse in 1834.