One of the most celebrated cases of community currency was that which occurred in the small town of Wörgl in Austria in 1932-33. In the midst of the Great Depression, the mayor of that little town took the bold step of issuing into circulation a local currency, the impact of which was heard round the world. Many journalistic accounts have been written and circulated, but few definitive descriptions have been found, and even fewer critical analyses. But, because it is so celebrated, and because it was apparently so successful, this is a case well worth studying.
I have undertaken my own critical analysis and I think this would be a good place to start.
Here are three reports from the 1934 volume of Annals of Collective Economy
- The Woergl Experiment With Depreciating Money
by Alex. Von Muralt
- A French View of The Woergl Experiment: A New Economic Mecca
by M. Claude Bourdet
- The End Results of the Woergl Experiment
by Michael Unterguggenberger, Burgomaster of Woergl
The website of Hans Eisenkolb contains a wealth of monetary reform material in both English and German with a particular emphasis on Silvio Gesell. He also has a large section on the case of the Wörgl currency, based largely upon a book by Fritz Shwarz, The Experiment in Wörgl. (1951).
The website, Geld Reform, is a monetary reform site containing mostly German language material with some material in English. It contains the entire text (in German) of the only book about the Wörgl currency I know of, that of Fritz Schwarz mentioned above, Das Experiment von Wörgl.