ON THE NATURAL ECONOMIC ORDER OF SILVIO GESELL

Date

1990

Author

Somel, Cem

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In his General Theory Keynes expressed a high opinion of the German social reformer Silvio Gesell and his stamped money scheme. Besides championing the abolition of property in land in order to do away with rent, Gesell devised a monetary reform that aimed at eliminating interest incomc. economic crises and unemployment. He preceded Keynes with his theoiy that fluctuations in the demand for idle money balances cause unemployment and instability in income. Gesell's thinking as expounded in his main work is presented here and assessed.

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https://hdl.handle.net/11511/111005

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Department of Political Science and Public Administration, Article