Michael Shuman

Fellow, Local Economies


Michael Shuman is director of research for Cutting Edge Capital, director of research and economic development at the Business Alliance for Local Living Economies (BALLE), and a Fellow of the Post Carbon Institute. He holds an AB with distinction in economics and international relations from Stanford University and a JD from Stanford Law School. He has led community-based economic-development efforts across the country and has authored or edited seven previous books, including The Small Mart Revolution: How Local Businesses Are Beating the Global Competition (2006), Going Local: Creating Self-Reliant Communities in the Global Age (1998) and Local Dollars, Local Sense: How to Shift Your Money from Wall Street to Main Street and Acheive Real Prosperity

In recent years, Michael has led community-based economic-development efforts in St. Lawrence County (NY), Hudson Valley (NY), Katahdin Region (ME), Martha's Vineyard (MA), and Carbondale (CO), and served as a senior editor for the recently published Encyclopedia of Community. He has given an average of more than one invited talk per week for 25 years throughout the United States and the world.

View Michael's speaking terms


Michael Shuman Brisbane 2012

length: 54:49   credit: Energising Communities   Jan 14, 2013

Leading American economist, attorney, author, entrepreneur and advocate for local business, Michael Shuman toured Australia in September. Shuman is the author of Local Dollars, Local Sense.


Michael Shuman: The Benefits of Deploying Investment Capital Locally Vs Wall Street

length: 43:49   credit: Peak Prosperitydownload   Mar 25, 2014

The Federal Reserve and other central planners have worked overtime to lead the world back to "recovery" from the depths of the 2008 financial crisis. Using one of their main signaling indicators, they've succeeded: stock market indices are hovering near all-time highs.

But, as has been often discussed here, are we really better off for it?
In this week's podcast, Chris talks with Michael Shuman, author of  Local Dollars Local Sense: How To Move Your Money From Wall Street to Main Street & Achieve Real Prosperity. Shuman has written eight books on community economics and believes that deploying your investment capital locally offers the best financial return prospects vs investing it in traditional stocks and bonds -- plus yields an additional valuable community resilience multiplier that Wall Street doesn't.


Latest Publications

The Little Grocery That Could

Michael Shuman    May 22, 2012   

What happens next in the economy – the nation’s, the state’s, and Seattle’s – no longer lies in the hands of Capitol Hill politicians, the Federal Reserve, or even the boards of companies like … >>

The Main Street To Recaptured Capital

Michael Shuman    Aug 29, 2012   

By Mike Rotkin, Solutions Journal As a former mayor of Santa Cruz, California, I have had a sustained interest in alternative investment strategies for local communities. Most of the proposals I’ve studied and worked … >>

ECONOMY: The Competitiveness of Local Living Economies

Michael Shuman    Nov 03, 2010   

EXCERPT: Economic localization offers the key to solving a growing number of global problems, including peak oil, climate disruption, and financial meltdowns.  Yet the perception remains that this solution is very … >>

Local Dollars, Local Sense

Michael Shuman

Americans’ long-term savings in stocks, bonds, mutual funds, pension funds, and life insurance funds total about $30 trillion. But not even 1 percent of these savings touch local small business—even though roughly … >>

press coverage

Shuman book reviewed at CSR Wire

Michael Shuman  

Post Carbon Fellow Michael Shuman's PCI Resilience Guide, Local Dollars, Local Sense, was reviewed at Corporate Social Responsibility Newswire. From the article: Shuman’s book details several ways to jumpstart the … >>