Silvio Gesell: The NATURAL ECONOMIC ORDER

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Preface	9
PART I. DISTRIBUTION
Introduction	27
1. Aim and Method	35
2. The Right to the Whole Proceeds of Labour	36
3. Reduction of the Proceeds of Labour through Rent on Land	40
4. Influence of transport costs on Rent and Wages	44
5. Influence of social conditions on Rent and Wages	49
6. More precise definition of freeland	52
7. Freeland of the third class	53
8. Influence of freeland of the third class on Rent and Wages	55
9. Influence of technical improvements on Rent and Wages	57
10. Influence of scientific discoveries on Rent and Wages	60
11. Legislative interference with Rent and Wages	61
12. Protective-Duties, Rent and Wages	65
13. The entire wage-scale is based on the Labour-Proceeed of the cultivators of freeland	71
14. Influence of capital-interest on Rent and Wages	74
15. Summary of results attained so far	77
16. Rent of raw materials and building sites and its relation to the general Law of Wages	78
17. First general outline of the Law of Wages	83
PART II. FREELAND
1. Meaning of the word Free-Land	89
2. Free-Land finance	90
3. Free-Land in practice	94
4. Effects of Nationalisation of the Land	110
5. The case for Nationalisation of the Land	118
6. What Free-Land cannot do	132
PART III. MONEY AS IT IS
Introduction	137
1. How the nature of money is revealed	141
2. The indispensability of money and the indifference of the public to the money-material	146
3. So-called "Value"	150
4. Why money can be made of paper	157
5. The safety and covering of paper-money	179
6. What should the price of money be?	191
7. How the price of money can be measured with precision	193
8. What determines the price of paper-money ?	203
9. Influences to which Demand and Supply are subject	208
10. The supply of money	216
11. The laws of circulation of the present form of money	223
12. Economic Crises and the conditions necessary to prevent them	242
13. Reform of the Note-Issue	244
14. Criterion of the quality of money	255
15. Why the crude Quantity Theory fails when applied to money	259
PART IV. FREE-MONEY, OR MONEY AS IT SHOULD BE
Introduction	265
1. Free-Money	266
2. How the State puts Free-Money in circulation	276
3. How Free-Money is managed	278
4. The laws of circulation of Free-Money	279
5. How Free-Money will be judged
A. The Shopkeeper	285
B. The Cashier	289
C. The Exporter	292
D. The Manufacturer	296
E. The Usurer	300
F. The Speculator	303
G. The Saver	307
H. The Co-operator	311
I. The Creditor	314
J. The Debtor	316
K. The Unemployment Insurance Office	319
L. The Disciple of Proudhon	324
M. The Theorist on Interest	328
N. The Theorist on Economic Crises	336
O. The Theorist on Wages	346
6. The International Exchanges
1. Mechanism of the exchanges	349
2. Stabilisation of the exchanges: Theory	357
3. Stabilisation of the exchanges: Practice	359
PART V. THE FREE-MONEY THEORY OF INTEREST
1. A story of Robinson Crusoe	365
2. Basic Interest	371
3. Transfer of Basic Interest to the wares	387
4. Transfer of Basic Interest to so-called real capital	389
5. Completion of the Free-Money theory of interest	393
6. Former attempts at explaining Capital-Interest	420
7. The components of gross interest	431
8. Pure Capital-Interest a fixed magnitude	436
Appendix
LIST OF WRITINGS BY SILVIO GESELL	443
METHODS OF APPLYING THE PRINCIPLE OF FREE-MONEY	445
PUBLISHED REFERENCES TO GESELLS THEORY	448

The NATURAL ECONOMIC ORDER

translated by Philip Pye M.A.