Jim Devine wrote (03apr09):
[quote] wouldn't it be in the GT somewhere, like where JMK talks about his
precursors [end quote]
COMMENT
Keynes discusses Gesell, whom he considered as a "crank" at first, but then
rates him higher than Marx -
quoting from Keynes, GT, BOOK VI, Chapter 23
NOTES ON MERCANTILISM, THE USURY LAWS, STAMPED MONEY AND THEORIES OF
UNDER-CONSUMPTION
[...]
VI
It is convenient to mention at this point the strange, unduly neglected
prophet Silvio Gesell (1862-1930), whose work contains flashes of deep
insight . . . like other academic economists, I
treated his profoundly original strivings as being no better than those of
a
crank. . . I believe that the future will learn more from the spirit of
Gesell than from that of Marx. . . .Gesell's specific contribution to the
theory of money and interest is as
follows. . . . [end quote]
Gernot
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