Get curated editors’ picks, peeks behind the scenes, film recommendations and more.
The Welsh-born manufacturer and social reformer Robert Owen (1771-1858) was a quintessential capitalist success story, having risen from modest origins to become a wealthy textile manufacturer in Scotland. However, he grew to reject the dehumanising excesses of the system that had ushered in his fortune, writing that Britain’s monetary structure ‘has made man ignorant; placed him in opposition to his fellows; engendered fraud and deceit; blindly urged him forward to create but deprived him of the wisdom of joy’. This led Owen to devise an audacious plan to recentre the financial system around ingenuity, community and justice.
Introduced in 1832, the radical idea was called the National Equitable Labour Exchange – a system of currency built on the idea that labour is the source of all wealth, and that goods should be bought and sold based on the time it took labourers to produce it. While the Exchange lasted only a few years, the idealistic project helped to lay the groundwork for some of Owen’s more successful later reforms, such as shorter working days, with the ultimate goal of a workday based on the principle of ‘eight hours labour, eight hours recreation, eight hours rest’. This brief video essay is part of a British Museum series in which curators examine objects of interest in their collections. Ben Alsop, curator of the museum’s Money Gallery, inspects a note issued by the Equitable Labour Exchange representing an hour of work.
Video by The British Museum
video
Values and beliefs
Why a single tree, uprooted in a typhoon, means so much to one man in Hanoi
7 minutes
video
Meaning and the good life
Why Orwell urged his readers to celebrate the spring, cynics be damned
11 minutes
video
Making
On the Norwegian coast, a tree is transformed into a boat the old-fashioned way
6 minutes
video
Animals and humans
One man’s quest to save an orphaned squirrel, as narrated by David Attenborough
14 minutes
video
Computing and artificial intelligence
A future in which ‘artificial scientists’ make discoveries may not be far away
9 minutes
video
History
Hags, seductresses, feminist icons – how gender dynamics manifest in witches
13 minutes
video
Meaning and the good life
Leading 1950s thinkers on the search for happiness in trying times
29 minutes
video
War and peace
Two Ukrainian boys’ summer unfolds just miles from the frontlines
22 minutes
video
Nature and landscape
California’s landscapes provide endless inspiration for a woodcut printmaker
10 minutes