Proudhon, Gesell and Keynes : an investigation of some "anti-Marxian socialist" antecedents of Keynes’ General theory of employment, interet and money

The theoretical affinity between Fisher and Gesell has been neglected by historians of economic thought. 2 Since the 1940s, the focus of research on Gesell has concentrated on the relationship with Keynes, in an attempt to stress theoretical affinities, particularly with the 'liquidity trap' ( Seccareccia 1987Seccareccia , 1988) and political philosophy ( Darity 1995). Pursuit of this angle followed two main routes of analysis: through the Pierre-Joseph Proudhon-Gesell-Keynes connection, 3 proposed by Dudley Dillard and Charles Rist ( Dillard 1940Dillard , 1942aDillard , 1942bRist 1955; see also Schumpeter [1954] 2006, pp. 1118, 1131Allais 1977, p. 275;Chick 1987;Ferreira 2010), and through the analytical forerunners of Keynesian monetary theory, particularly Knut Wicksell ( Herland 1987Herland , 1992), and the influence of Frederick Soddy ( Daly 1980) and Nicholas adopted unconventional monetary policy, moving their interest rate on bank reserves below zero, to provide additional monetary stimulus against deflationist pressure. ... ... The theoretical affinity between Fisher and Gesell has been neglected by historians of economic thought. 2 Since the 1940s, the focus of research on Gesell has concentrated on the relationship with Keynes, in an attempt to stress theoretical affinities, particularly with the 'liquidity trap' ( Seccareccia 1987Seccareccia , 1988) and political philosophy ( Darity 1995). Pursuit of this angle followed two main routes of analysis: through the Pierre-Joseph Proudhon-Gesell-Keynes connection, 3 proposed by Dudley Dillard and Charles Rist ( Dillard 1940Dillard , 1942aDillard , 1942bRist 1955; see also Schumpeter [1954] 2006, pp. 1118, 1131Allais 1977, p. 275;Chick 1987;Ferreira 2010), and through the analytical forerunners of Keynesian monetary theory, particularly Knut Wicksell ( Herland 1987Herland , 1992), and the influence of Frederick Soddy ( Daly 1980) and Nicholas adopted unconventional monetary policy, moving their interest rate on bank reserves below zero, to provide additional monetary stimulus against deflationist pressure. ...