Time Banks as Transient Civic Organizations? Exploring the Dynamics of Decline

Abstract

AbstractTime banks have become a popular type of civic organization constructed to facilitate egalitarian economic exchange through a community-bounded currency. Especially after the recent economic crises in Europe, the rise in the number of time banks has been accompanied by relative transience and sometimes short lifespans. We adopt a relational perspective to explore the dynamics of decline in the civic engagement of a time bank in southern Germany. Using methods of longitudinal social network analysis, we analyze the relational processes and individual trajectories of members within the emerging transaction network over a period of eight years. Rather than explaining why, we have found how relational trajectories of members through a structure of core and periphery have led to creeping decline in activity and membership. Given the repeated observation that time banks and other types of alternative economic practices are often characterized by considerable volatility and potential collapse, relational thinking and network analysis are especially suited to unpacking the underlying relational mechanisms that shape these outcomes of volatility and demise.