believed that Gesell's theory only amounted to "half a theory", since Gesell failed to discern the importance of liquidity.Keynes improved upon Gesell's theory of interest by explicitly recognizing that money has the advantage of liquidity over commodities.Other scholars like Guido Giacomo Preparata have claimed Keynes essentially stole Gesell's ideas, and then deradicalized them to aid the existing capitalist order.

Theory

According to Keynes,

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