Biography of Silvio Gesell

The NATURAL ECONOMIC ORDER

translated by Philip Pye M.A.

 Page
 
Preface 9

PART I. DISTRIBUTION
Introduction 27
1. Aim and Method 35
2. The Right to the Whole Proceeds of Labour 36
3. Reduction of the Proceeds of Labour through Rent on Land 40
4. Influence of transport costs on Rent and Wages 44
5. Influence of social conditions on Rent and Wages 49
6. More precise definition of freeland 52
7. Freeland of the third class 53
8. Influence of freeland of the third class on Rent and Wages 55
9. Influence of technical improvements on Rent and Wages 57
10. Influence of scientific discoveries on Rent and Wages 60
11. Legislative interference with Rent and Wages 61
12. Protective-Duties, Rent and Wages 65
13. The entire wage-scale is based on the Labour-Proceeed of the cultivators of freeland 71
14. Influence of capital-interest on Rent and Wages 74
15. Summary of results attained so far 77
16. Rent of raw materials and building sites and its relation to the general Law of Wages 78
17. First general outline of the Law of Wages 83

PART II. FREELAND
1. Meaning of the word Free-Land 89
2. Free-Land finance 90
3. Free-Land in practice 94
4. Effects of Nationalisation of the Land 110
5. The case for Nationalisation of the Land 118
6. What Free-Land cannot do 132

PART III. MONEY AS IT IS
Introduction 137
1. How the nature of money is revealed 141
2. The indispensability of money and the indifference of the public to the money-material 146
3. So-called "Value" 150
4. Why money can be made of paper 157
5. The safety and covering of paper-money 179
6. What should the price of money be? 191
7. How the price of money can be measured with precision 193
8. What determines the price of paper-money ? 203
9. Influences to which Demand and Supply are subject 208
10. The supply of money 216
11. The laws of circulation of the present form of money 223
12. Economic Crises and the conditions necessary to prevent them 242
13. Reform of the Note-Issue 244
14. Criterion of the quality of money 255
15. Why the crude Quantity Theory fails when applied to money 259

PART IV. FREE-MONEY, OR MONEY AS IT SHOULD BE
Introduction 265
1. Free-Money 266
2. How the State puts Free-Money in circulation 276
3. How Free-Money is managed 278
4. The laws of circulation of Free-Money 279
5. How Free-Money will be judged
     A. The Shopkeeper 285
     B. The Cashier 289
     C. The Exporter 292
     D. The Manufacturer 296
     E. The Usurer 300
     F. The Speculator 303
     G. The Saver 307
     H. The Co-operator 311
     I. The Creditor 314
     J. The Debtor 316
     K. The Unemployment Insurance Office 319
     L. The Disciple of Proudhon 324
     M. The Theorist on Interest 328
     N. The Theorist on Economic Crises 336
     O. The Theorist on Wages 346
6. The International Exchanges
     1. Mechanism of the exchanges 349
     2. Stabilisation of the exchanges: Theory 357
     3. Stabilisation of the exchanges: Practice 359

PART V. THE FREE-MONEY THEORY OF INTEREST
1. A story of Robinson Crusoe 365
2. Basic Interest 371
3. Transfer of Basic Interest to the wares 387
4. Transfer of Basic Interest to so-called real capital 389
5. Completion of the Free-Money theory of interest 393
6. Former attempts at explaining Capital-Interest 420
7. The components of gross interest 431
8. Pure Capital-Interest a fixed magnitude 436

Appendix

LIST OF WRITINGS BY SILVIO GESELL
443
METHODS OF APPLYING THE PRINCIPLE OF FREE-MONEY 445
PUBLISHED REFERENCES TO GESELLS THEORY 448
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