Re: [Pen-l] I want to know

To: <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] I want to know
From: Gernot Koehler <gko15@xxxxxxxxxxx>
Date: Sat, 4 Apr 2009 09:34:52 -0400

Jim Devine wrote (03apr09):
[quote] wouldn't it be in the GT somewhere, like where JMK talks about his precursors [end quote]

COMMENT
Keynes discusses Gesell, whom he considered as a "crank" at first, but then rates him higher than Marx -

quoting from Keynes, GT, BOOK VI, Chapter 23

NOTES ON MERCANTILISM, THE USURY LAWS, STAMPED MONEY AND THEORIES OF UNDER-CONSUMPTION

[...]

VI

It is convenient to mention at this point the strange, unduly neglected prophet Silvio Gesell (1862-1930), whose work contains flashes of deep insight . . . like other academic economists, I treated his profoundly original strivings as being no better than those of a crank. . . I believe that the future will learn more from the spirit of Gesell than from that of Marx. . . .Gesell's specific contribution to the theory of money and interest is as follows. . . . [end quote]
Gernot

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Thread context:
- Re: [Pen-l] I want to know, (continued)
  - Re: [Pen-l] I want to know, Gernot Koehler Sat 04 Apr 2009, 13:04 GMT
  - [Pen-l] I want to know, c b Sun 05 Apr 2009, 15:59 GMT
    - Re: [Pen-l] I want to know, Jim Devine Sun 05 Apr 2009, 16:07 GMT
    - Re: [Pen-l] I want to know, Carrol Cox Sun 05 Apr 2009, 16:14 GMT
      
      Re: [Pen-l] I want to know, Jim Devine Sun 05 Apr 2009, 16:34 GMT

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