The Natural Economic Order through Free Land and Free Money (, NWO) is a 1916 book by economist, entrepreneur, and social reformer Silvio Gesell.
For this reason, Gesell dedicated a few chapters of the book to explaining why money can be made of paper, an idea which was further promoted by John Maynard Keynes.
<!-- Gesell's social philosophy is similar to the Manchester school.
Keynes commended Gesell for recognizing the relationship between the interest rate and the marginal efficiency of capital.
Keynes also credited Gesell for recognizing the importance of aggregate demand, while blaming David Ricardo for causing English economists to overlook its importance.
However, Keynes believed that Gesell's theory only amounted to "half a theory",
In Call for Socialism () (1911), Gustav Landauer wrote: