|
Wörgl Experiment
Wörgl () is a city in the Austrian state of Tyrol, in the Kufstein district. It is from the international border with Bavaria, Germany. Population Transport Wörgl is a railway junction in the line between Innsbruck and Munich, as well as the inner-Austrian line to Salzburg. Its railway station has been designated as a ''Hauptbahnhof'' () since 10 December 2006. European route E641 connects Wörgl with Salzburg. The E45 and E60 routes (Austrian autobahn A12) pass through Wörgl. File:Bahnhof Wörgl alt.jpg, Wörgl railway station in 1900 File:Wörgl Gare 1965.jpg, Wörgl railway station in 1965 History The Wörgl Experiment Wörgl was the site of the "Miracle of Wörgl", beginning on 31 July 1932 during the Great Depression. Beginning with the issuing of "Certified Compensation Bills", a form of local currency commonly known as Stamp Scrip or Freigeld. This was an application of the monetary theories of the economist Silvio Gesell by the town's then-mayor, . The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Municipality (Austria)
In the Republic of Austria, the municipality (, sometimes also ) is the administrative division encompassing a single village, town, or city. The municipality has municipal corporation, corporate status and local self-government on the basis of parliamentary democracy, parliamentary-style representative democracy: a municipal council () elected through a form of party-list proportional representation, party-list system enacts municipal laws, a municipal executive board () and a mayor (, grammatical gender, fem. ) appointed by the council are in charge of municipal administration. Austria is currently (January 1, 2020) partitioned into 2,095 municipalities, ranging in population from about fifty (the village of Gramais in Tyrol (state), Tyrol) to almost two million (the city of Vienna). There is no unincorporated area, unincorporated territory in Austria. Basics The existence of municipalities and their role as carriers of the right to self-administration are guaranteed by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Munich
Munich is the capital and most populous city of Bavaria, Germany. As of 30 November 2024, its population was 1,604,384, making it the third-largest city in Germany after Berlin and Hamburg. Munich is the largest city in Germany that is not a state of its own. It ranks as the 11th-largest city in the European Union. The metropolitan area has around 3 million inhabitants, and the broader Munich Metropolitan Region is home to about 6.2 million people. It is the List of EU metropolitan regions by GDP#2021 ranking of top four German metropolitan regions, third largest metropolitan region by GDP in the European Union. Munich is located on the river Isar north of the Alps. It is the seat of the Upper Bavaria, Upper Bavarian administrative region. With 4,500 people per km2, Munich is Germany's most densely populated municipality. It is also the second-largest city in the Bavarian language, Bavarian dialect area after Vienna. The first record of Munich dates to 1158. The city ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silvio Gesell
Johann Silvio Gesell (; 17 March 1862 – 11 March 1930) was a German-Argentine economist, entrepreneur, and social reformer. He was the founder of (German language, German for "free economy"), an economic model for market socialism. In 1900, he founded the magazine ''The Money and Land Reform'' (), but it soon closed for financial reasons. During his time in Oranienburg, Gesell started the magazine ''Der Physiokrat'' together with . In 1914, it closed due to censorship. In 1916, he published his most famous work, ''The Natural Economic Order''. Gesell is mainly known for his monetary theory. In particular, he noticed that there is an asymmetry between the durability and Hoarding (economics), hoardability of money versus the fragility and depreciation of goods and services that lose value due to entropy and the passage of time. He believed that people who own or hoard money have an unfair economic advantage over people who are dependent on producing and selling decayable goods ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, regulatory impact analysis and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Freigeld
( German for "free economy") is an economic theory and proposal founded by the German-Argentine economist Silvio Gesell in his 1916 book, '' The Natural Economic Order'' (). Some of the basic economic ideas of Freiwirtschaft were also independently published in 1890 by the Hungarian-Austrian economist Theodor Hertzka in his novel ''Freiland - ein soziales Zukunftsbild'' (''Freeland - A Social Anticipation''). Structure Freiwirtschaft consists of three central aspects, usually summed up as the Three Fs: * ' ('free money') ** All money is issued for a ''limited'' period by ''constant'' value (neither inflation, nor deflation). ** Long-term saving requires investment in bonds or stocks. ** Freigeld is 'free' because it's free (libre) from hoarding and interest. * ' ('free land') ** All land is commonly owned or else the property of public institutions and can only be rented from the community or from government, respectively, not purchased (''see also Georgism''). * ' ('free ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scrip
A scrip (or ''wikt:chit#Etymology 3, chit'' in India) is any substitute for legal tender. It is often a form of credit (finance), credit. Scrips have been created and used for a variety of reasons, including exploitative payment of employees under truck systems; or for use in local commerce at times when regular currency was unavailable, for example in remote coal towns, military bases, ships on long voyages, or military occupation, occupied countries in wartime. Besides company scrip, other forms of scrip include land scrip, vouchers, token coins such as subway tokens, IOUs, arcade tokens and tickets, and points on some credit cards. Scrips have gained historical importance and become a subject of study in numismatics and exonumia due to their wide variety and recurring use. Scrip behaves similarly to a currency, and as such can be used to study monetary economics. History A variety of forms of scrip were used at various times in the 19th and 20th centuries. Company scrip ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Local Currency
In economics, a local currency is a currency that can be spent in a particular geographical locality at participating organisations. A regional currency is a form of local currency encompassing a larger geographical area, while a community currency might be local or be used for exchange within an online community. A local currency acts as a complementary currency to a national currency, rather than replacing it, and aims to encourage spending within a local community, especially with locally owned businesses. Such currencies may not be backed by a national government nor be legal tender. About 300 complementary currencies, including local currencies, are listed in the Complementary Currency Resource Center worldwide database. Terminology Some definitions: * Complementary currency – is used as a complement to a national currency, as a medium of exchange, which is usually not legal tender. * Community currency – a complementary currency used by a group with a Common bond of ass ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Depression
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty, drastic reductions in industrial production and international trade, and widespread bank and business failures around the world. The economic contagion began in 1929 in the United States, the largest economy in the world, with the devastating Wall Street stock market crash of October 1929 often considered the beginning of the Depression. Among the countries with the most unemployed were the U.S., the United Kingdom, and Weimar Republic, Germany. The Depression was preceded by a period of industrial growth and social development known as the "Roaring Twenties". Much of the profit generated by the boom was invested in speculation, such as on the stock market, contributing to growing Wealth inequality in the United States, wealth inequality. Banks were subject to laissez-faire, minimal regulation, resulting in loose lending and wides ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Autobahn
The (; German , ) is the federal controlled-access highway system in Germany. The official term is (abbreviated ''BAB''), which translates as 'federal motorway'. The literal meaning of the word is 'Federal Auto(mobile) Track'. Much of the system has no speed limit for some classes of vehicles. However, limits are posted and enforced in areas that are urbanised, substandard, prone to collisions, or under construction. On speed-unrestricted stretches, an advisory speed limit () of applies. While driving faster is not illegal in the absence of a speed limit, it can cause an increased liability in the case of a collision (which mandatory auto insurance has to cover); courts have ruled that an "ideal driver" who is exempt from absolute liability for "inevitable" tort under the law would not exceed the advisory speed limit. A 2017 report by the Federal Road Research Institute reported that in 2015, 70.4% of the Autobahn network had only the advisory speed limit, 6.2% had temp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Route E60
European route E 60 is the second-longest road in the International E-road network and runs , from Brest, France (on the Atlantic coast), to Irkeshtam, Kyrgyzstan (on the border with China). Route * **: Brest () **: Brest - Quimper - Nantes () **: Nantes ( / ) **: Nantes () - Angers () **: Angers () - Tours () **: Tours ( / , Start of Concurrency with ) - Orléans (, End of Concurrency with ) **: Orléans () - Courtenay (, Start of Concurrency with ) **: Courtenay ( / ) - Auxerre - Beaune (End of Concurrency with ) **: Beaune **: Beaune ( / / ) - Besançon () - Belfort () - Mulhouse () **: Mulhouse (, Start of Concurrency with ) - Saint-Louis * **: Basel (, End of Concurrency with ) - Baden **: Baden - Zürich (Start of Concurrency with ) **: Zürich () - Winterthur (End of Concurrency with ) **: Winterthur () - St. Margrethen () **: St. Margrethen (Start of Concurrency with ) * **: Höchst - Bregenz () **: Bregenz (End of Concurrency with ) - Feldkirch - ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Route E45
European route E45 connects Norway and Italy, through Finland, Sweden, Denmark, Germany and Austria. With a length of about , it is the longest north–south European route (some east–west routes are longer). The route passes through Alta (town), Alta (Norway) – Kautokeino (village), Kautokeino – Hetta (Finland) – Palojoensuu – Kaaresuvanto – Gällivare (Sweden) – Porjus – Jokkmokk – Arvidsjaur – Östersund – Mora, Sweden, Mora – Säffle – Åmål – Brålanda – Gothenburg ... Frederikshavn (Denmark) – Aalborg – Randers – Aarhus – Skanderborg – Vejle – Kolding – Frøslev – Flensburg (Germany) – Hamburg – Hanover – Hildesheim – Göttingen – Kassel – Fulda – Würzburg – Nuremberg – Munich – Rosenheim – Wörgl (Austria) – Innsbruck – Brenner Pass, Brenner – Franzensfeste, Fortezza (Italy) – Bolzano – Trento – Verona – Modena – Bologna – Cesena – Perugia – Fiano Romano – Naples – Salerno � ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
