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This article examines the success of paper-based alternative currencies in facilitating convivial, sustainable localised economies. Based on fieldwork in the United States, the United Kingdom and Germany, it discusses the capacity of activists to create alternative forms of currency that communicate the organisers' visions of a localised economy, before examining material practices: for whom do the currencies work, and who struggles to use them? Using insights from a diverse economies perspective, the article argues that we cannot read off the likelihood of an economic actor using the currency from the extent of their local economic embeddedness: economic actors in similar positions respond to the same stimuli in different ways, and local business owners and activists can form productive alliances to develop their shared project. The article concludes by arguing that local currencies should be used more proactively to stimulate new forms of concrete local production to meet locally identified needs. [ABSTRACT FROM AUTHOR]

ParentCompany's decision to closeR&DCoin North East England caused the loss of highly skilled scientific and technical jobs.R&DCowas a“white-collar” R&D operation and supplier of services toParentCompany's lead factories in the East Midlands and South West regions. The economic and social costs of closure were acute for the North East with its relatively weak growth, high unemployment and limited R&D activity. This paper argues that a clearer understanding and progressive response to such closures may benefit from a conceptualisation founded upon spatialised social relations and characterised by a social process of production that unfolds over time, across space and in place. Periodised in episodic socio-spatial“moments”, a historically evolving social process of closure reveals differential potential—contingent upon specific conjunctures of structural forces, social agency and the particularities of places—to enable and/or inhibit intervention through public policy and institutional action and political mobilisation and resistance. [ABSTRACT FROM AUTHOR]