Skip to Main content Skip to Navigation
Preprints, Working Papers, ...

Silvio Gesell's Theory and Accelerated Money Experiments

Abstract : Silvio Gesell (1862-1930) proposed a system of stamped money in order to accelerate monetary circulation and to free money from interest. This was part of a global socialist system intended to free economy from rent and interest. In the 1930s, Irving Fisher, who proposed the system to President Roosevelt, and John Maynard Keynes rendered homage to Gesell's monetary proposals in the context of the economic depression. Among the experiments that took place, several were based on his ideas, notably in the Austrian town of Wörgl and in the United States. These experiments were always local and never lasted more than a few months. This article shows that trust is the main issue of this kind of monetary organization; and therefore, that such experiments can only take place successfully on a small scale.
Document type :
Preprints, Working Papers, ...
Complete list of metadata

Cited literature [9 references]  Display  Hide  Download
Contributor : Jérôme Blanc <>
Submitted on : Friday, December 8, 2006 - 9:02:39 AM
Last modification on : Thursday, April 2, 2020 - 4:32:50 PM
Long-term archiving on: : Wednesday, April 7, 2010 - 12:07:18 AM


Files produced by the author(s)


  • HAL Id : halshs-00119192, version 1



Jérôme Blanc. Silvio Gesell's Theory and Accelerated Money Experiments. 1998. ⟨halshs-00119192⟩



Record views


Files downloads