IDEAS home Printed from https://ideas.repec.org/a/fle/journl/v51y2017i1p77-92.html
   My bibliography  Save this article

Keynes and Gesell: Political and Social Philosophy, Epistemology and Monetary Reform

Author

Listed:
  • Sheila Dow

    (University of Stirling, Scotland, UK and University of Victoria, Victoria, Canada)

Abstract

It is conventional now to understand Keynes’s economics in terms of his philosophy. The particular connection has been made between his epistemology and his theory of liquidity preference and his approach to policy. Here we widen the scope to include social and political philosophy as well as epistemology and consider how these influenced Keynes’s position on monetary reform. We consider monetary reform particularly in terms of Gesell’s proposal for stamped money, effectively for a negative rate of interest. It is argued that Keynes and Gesell had much in common in terms of social and political philosophy. But Keynes’s epistemology generated a different approach to monetary theory and policy advice, and thus to monetary reform from that of Gesell. In particular Keynes came to different conclusions about monetary reform depending on context.

Suggested Citation

  • Sheila Dow, 2017. "Keynes and Gesell: Political and Social Philosophy, Epistemology and Monetary Reform," Annals of the Fondazione Luigi Einaudi. An Interdisciplinary Journal of Economics, History and Political Science, Fondazione Luigi Einaudi, Torino (Italy), vol. 51(1), pages 77-92, June.
    • Handle: RePEc:fle:journl:v:51:y:2017:i:1:p:77-92
    DOI: 10.26331/1004
    as

    Download full text from publisher

    File URL: https://www.annalsfondazioneluigieinaudi.it/images/LI/R28201701_E-3504-Dow.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.26331/1004?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nasir, Muhammad Ali, 2021. "Zero Lower Bound and negative interest rates: Choices for monetary policy in the UK," Journal of Policy Modeling, Elsevier, vol. 43(1), pages 200-229.

    More about this item

    Keywords

    Keynes; Gesell; Monetary reform;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fle:journl:v:51:y:2017:i:1:p:77-92. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mario Aldo Cedrini (email available below). General contact details of provider: https://edirc.repec.org/data/fleinit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.