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 …

This paper compares and contrasts the thinking of Keynes and Geoffrey Ingham, focussing mainly on The General Theory … underpins the crucial distinction between money and ‘real’ wages for the theory of employment but also develops Keynes …