Complementary currencies: study of the Occitan in Pézenas[Research paper] by Olivier Torrente


Olivier Torrente was part of the “Alternative Management” third year program in HEC in 2010.

Complementary currencies, exchange tools parallel to official currencies and covering a large domain of initiatives, have been growing for the last decades. The development of Internet and the virtual currencies in online video games have made mmore popular this phenomenon, which dates back to the origin of the history of money. Nevertheless, the vast majority of these initiatives have a social goal, not a commercial one: to revive a region, relocate the economy, help communities where medium of exchanges are scarce. In the context of the economic crisis, we wanted to think about this phenomenon, whose supporters assert that it is a systemic solution to the current economics woes. The central argument of these supporters is the resilience that provides complementary currencies to the economy. We have used the work of Ivan Illich, creator of the concepts of radical monopoly and « outil convivial » (conviviality tool), to make an analysis of these monies. The Occitan, a local complementary currency located in Pézenas (Hérault), launched in the beginning of 2010, was the centre of our field study.

Quote article  Olivier Torrente, « Complementary currencies: study of the Occitan in Pézenas », 19 may 2011, Alternative Management Observatory (AMO), [Research paper]

In the same section

The ruling interest

[Reading report]

[Reading report] : Alice de Rochechouart

Using Baruch Spinoza’s philosophy, Frédéric Lordon studies current political and economical society’s foundations. He creates a new paradigm that enables him to analyze the matters of interest in modern societies.

>>Read more

The “Terre de Liens” property company

[Research paper]

[Research paper] : Laura Loffler

The Foncière Terre de Liens property company is a solidarity-based investment tool which collects savings from citizens to purchase land in order to install or maintain solidarity-based agri-rural project sponsors. Legally, it is a partnership limited by shares and it is managed by the Cooperative...

>>Read more

Liberalizing crowdfunding in the United States


[Initiative] : Damien Launoy

In order to support the American economy, several new rules to liberalize crowdfunding in the United States were included in the JOBS Act of 2012 by the Congress. From now on, a start-up will be able to contact groups of small private investors to raise equity financing. This major evolution...

>>Read more

Industry and Cooperation - by Jacques De Heere

[Research paper]

[Research paper] : Jacques de Heere

After having introduced the Acome group in its historical, economical and political dimensions, Jacque De Heere presents us his career in the French industry : today, he works with passion at the top of the hierarchy of Acome, since he is the chairman and CEO of this group. Finally, Jacques De...

>>Read more

The question of power in large companies and in entrepreneurial projects : a comparative analysis inspired by Foucault


[Article] : Adrien Couret

Entrepreneurship is often seen as opposed to large companies. Here we analyse such a classical opposition inspired by Foucault's work on power. Two main points arise: first, while large companies are characterised by the panoptic form of power, in SMEs power remains visible and well-identified....

>>Read more

With the same doctype

Research paper

Different ways of fighting excess food... There are different ways of fighting... by Marie Mourad
The Movement of Social Entrepreneurs: a... This dissertation aims at analyzing the... by Domitille Harb
Williamsburg, history of a musical... Since the end of the 1980s, the... by Elena Schmitt
Measuring public hospitals' performance... French public hospitals have recently... by Hervé Merlin and Clémence Marty
Perceptions of homeless persons and... The person “on the street” has... by Alix Peillon
How do consumers perceive cause-related... Companies increasingly rely on joint... by Juliette Bertrand
The “Terre de Liens” property... The Foncière Terre de Liens property... by Laura Loffler
Alleviating poverty through profits.... As today's rich get richer, today's... by Lorraine Gérard
Career paths of French entrepreneurs ... The concept of fair trade was born from... by Audrey Azilazian
“Provoking (the right) titles” - by... The co-director at Max Milo editions as... by Luis de Miranda