The Natural Economic Order
Book •
Silvio Gesell's 'The Natural Economic Order' (Die natürliche Wirtschaftsordnung) lays out his vision for monetary and land reform, including the controversial proposal that money should carry a carrying cost (demurrage) to discourage hoarding and promote circulation.
Gesell argues that making money decay in value over time would stabilize prices and reduce the boom-bust cycles caused by hoarding and speculation.
He presents a comprehensive critique of conventional banking and interest-bearing debt, proposing alternative institutions to foster equitable production and exchange.
Though not widely adopted, Gesell's ideas influenced local currency experiments and reformist economists, and have been revisited by modern proponents of sustainable and complementary currencies.
The work combines economic theory with practical proposals for restructuring monetary policy to benefit communities.
Gesell argues that making money decay in value over time would stabilize prices and reduce the boom-bust cycles caused by hoarding and speculation.
He presents a comprehensive critique of conventional banking and interest-bearing debt, proposing alternative institutions to foster equitable production and exchange.
Though not widely adopted, Gesell's ideas influenced local currency experiments and reformist economists, and have been revisited by modern proponents of sustainable and complementary currencies.
The work combines economic theory with practical proposals for restructuring monetary policy to benefit communities.
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Stef Kuypers
Playing the (New) Money Game - how to recreate sustainable money with Stef Kuypers of Happonomy
