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Time/Bank and Time/Store

May 23, 2011 by Georgia

Stroom, Den Haag

11 - 30 May 2011

It was in an equally economically disturbed time when the American anarchist Josiah Warren opened the Cincinnati Time Store in 1827. The store was an experiment in alternative economics and existed for three years. The idealistic aim was to set up an exchange system where money wasn’t necessary to acquire products. Goods were bought in exchange for human labour and value was measured in time currency.

Time/Store at e-flux, New York. November 2010–February 2011. Photo by Mila Zacharias.[

After its closure it wasn’t until last year that a second, similar shop opened its doors - the concept had found its way into the art world. Time/Bank–Time/Store was first opened at E-Flux on Essex Street in New York in November 2010 and has recently opened a branch in Den Haag. Driven by the current distrust of existing financial and economic systems and the radical cuts in art funding, Julieta Aranda and Anton Vidokle are offering a platform for artists and the general public, where they can access a different economy and evaluate the capitalist system whilst participating in an art project.

Time/Store den Haag - Photo: Stroom, Den Haag

Time/Store offers a wide selection of commodities–from books to food, art, electronics, tools, clothing, and much, much more–all of which are available for purchase with your time or time currency: Hour Notes, the official currency of Time Bank. Hour Notes can be obtained by opening an account at the Time/Bank and earning hour credits by helping others.

For more information visit the website of Stroom.

Time/Store den Haag - Photo: Stroom, Den Haag