The Natural Economic Order

The Natural Economic Order written by Silvio Gesell, translated by Philip Pye

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