Wära
Sign in to saveThe Wära was a demurrage currency used in Germany that was introduced in 1926 as a free economy experiment. It was introduced by Hans Timm and Helmut Rödiger, who were followers of Silvio Gesell. The Wära is comparable to current models of local currencies.
~7 min read
Article
11 sectionsContents
- Concept and function
- History
- Schwanenkirchen Wära experiment
- The model attempt in Wörgl
- Other Wära experiments
- Effects
- Persons connected with the Wära experiment
- See also
- References
- Literature
- External links
The Wära was a demurrage currency used in Germany that was introduced in 1926 as a free economy experiment. It was introduced by Hans Timm and Helmut Rödiger, who were followers of Silvio Gesell. The Wära is comparable to current models of local currencies.
==Concept and function== The word Wära, invented by Timm and Rödiger, comes from the words Währung (currency) and währen ("to last"), in the sense of "lasting", "stable". One Wära corresponded to one Reichsmark. Wära banknotes were available in denominations of 1/2, 1, 2, 5, and 10 Wära.