The Natural Economic Order

Silvio Gesell: The Natural Economic Order
Translated by Philip Pye M.A.
London: Peter Owen Ltd. 1958

Preface

PART I. DISTRIBUTION
Introduction
1. Aim and Method
2. The Right to the Whole Proceeds of Labour
3. Reduction of the Proceeds of Labour through Rent on Land
4. Influence of transport costs on Rent and Wages
5. Influence of social conditions on Rent and Wages
6. More precise definition of freeland
7. Freeland of the third class
8. Influence of freeland of the third class on Rent and Wages
9. Influence of technical improvements on Rent and Wages
10. Influence of scientific discoveries on Rent and Wages
11. Legislative interference with Rent and Wages
12. Protective-Duties, Rent and Wages
13. The entire wage-scale is based on the Labour-Proceeed of the cultivators of freeland
14. Influence of capital-interest on Rent and Wages
15. Summary of results attained so far
16. Rent of raw materials and building sites and its relation to the general Law of Wages
17. First general outline of the Law of Wages

PART II. FREELAND
1. Meaning of the word Free-Land
2. Free-Land finance
3. Free-Land in practice
4. Effects of Nationalisation of the Land
5. The case for Nationalisation of the Land
6. What Free-Land cannot do

PART III. MONEY AS IT IS
Introduction
1. How the nature of money is revealed
2. The indispensability of money and the indifference of the public to the money-material
3. So-called "Value"
4. Why money can be made of paper
5. The safety and covering of paper-money
6. What should the price of money be?
7. How the price of money can be measured with precision
8. What determines the price of paper-money ?
9. Influences to which Demand and Supply are subject
10. The supply of money
11. The laws of circulation of the present form of money
12. Economic Crises and the conditions necessary to prevent them
13. Reform of the Note-Issue
14. Criterion of the quality of money
15. Why the crude Quantity Theory fails when applied to money

PART IV. FREE-MONEY, OR MONEY AS IT SHOULD BE
Introduction
1. Free-Money
2. How the State puts Free-Money in circulation
3. How Free-Money is managed
4. The laws of circulation of Free-Money
5. How Free-Money will be judged
    A. The Shopkeeper
    B. The Cashier
    C. The Exporter
    D. The Manufacturer
    E. The Usurer
    F. The Speculator
    G. The Saver
    H. The Co-operator
    I. The Creditor
    J. The Debtor
    K. The Unemployment Insurance Office
    L. The Disciple of Proudhon
    M. The Theorist on Interest
    N. The Theorist on Economic Crises
    O. The Theorist on Wages
6. The International Exchanges
    1. Mechanism of the exchanges
    2. Stabilisation of the exchanges: Theory
    3. Stabilisation of the exchanges: Practice

PART V. THE FREE-MONEY THEORY OF INTEREST
1. A story of Robinson Crusoe
2. Basic Interest
3. Transfer of Basic Interest to the wares
4. Transfer of Basic Interest to so-called real capital
5. Completion of the Free-Money theory of interest
6. Former attempts at explaining Capital-Interest
7. The components of gross interest
8. Pure Capital-Interest a fixed magnitude
Appendix
LIST OF WRITINGS BY SILVIO GESELL
METHODS OF APPLYING THE PRINCIPLE OF FREE-MONEY
PUBLISHED REFERENCES TO GESELLS THEORY