in their analyses. As a consequence, suggested economic policies are highly sensitive to the economic theory employed in …

Given the renewed interest in negative interest rates, this article analyses Gesell’s theory of interest and its … connection to J. M. Keynes’ General Theory. Gesell recognised that money has little or no carrying costs in comparison to goods …, Keynes himself expressively acknowledged Gesell’s ‘flashes of deep insight’ in the General Theory. In fact, the theoretical …