Professor Edgar Cahn, a Distinguished Professor of Law and founder of TimeBanks, was quoted about time banks in an op-ed in The Charleston Gazette.
Prof. Cahn says, "The Time Dollar currency, which consists of service credits, enables
human beings to redefine themselves as assets, each and every one with
something special to contribute -- regardless of what the market economy
says. When all hours are valued equally, when the tasks are essentially
those which families and neighbors have always done for each other, and
when the obligation to repay is backed by a moral norm of reciprocity
rather than a legal norm of coercion, then one is outside the market
economy and outside the constraints of feasibility imposed by market
wages and the availability of tax dollars for the building of social capital."
Professor Edgar Cahn teaches Law and Justice, System Change and directs the Community Service Program. With his late wide, Jean Camper Cahn, he founded the National Legal Services program and the Antioch School of Law. Click here to read his full biography.