Natural economic order; translated by Philip

Gesell's celebrated work on monetary and .social reform is a modern attempt to provide a solid basis for economic liberalism, the creed of Adam Smith and almost-all the great nineteenth century economists in contrast to the twentieth century trend of collectivism and planned economy - accompanied by 'austerity,' 'import restriction,' 'dollar shortage,' 'pegging the exchanges,' and
'credit squeeze.' There is now again a trend towards economic liberalism: private initiative, free trade and free exchanges. Economic liberalism, believed to have been strongly influenced by Gesell's book, has produced the: "West German miracle," the quickest and by far the most complete recovery; of any country that had been under the bombs. The book gives the economist, the politician and the businessman clear insight into the mechanism and dangers of inflation and deflation and contains an authoritative account of unhoardable money, money that causes its holder carrying costs - a completely original idea important in monetary theory and practice. Some comments on the book: "I believe that the future will Learn more from the spirit of GeseLL than from that of Marx," J. M. Keynes "Clarity and Literary grace ... Theoretically perfectly sound." Hugh GaitskeIl "May I say at once how delighted I am that there is to be a translation of this book ?" Professor E. A. G. Robinson. Joint Editor of the Economic Journal, 1957.