Given the renewed interest in negative interest rates as method for removing the floor to nominal interest rates, this article offers a concise review of Gesell's life, work and its place in the history of economic thought. It provides a brief biographical sketch of Gesell, demonstrating both...

Given the renewed interest in negative interest rates as method for removing the floor to nominal interest rates, this article offers a concise review of Gesell's life, work and its place in the history of economic thought. It provides a brief biographical sketch of Gesell, demonstrating both...

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. Therefore, money holders are able to withhold from...