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Interest and Prices - Knut Wicksell

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Johan Gustaf Knut Wicksell was a leading Swedish economist of the Stockholm school. His economic contributions would influence both the Keynesian and Austrian schools of economic thought. Wicksell was the first to present the idea of the natural rate of interest, which he argued how it can be different from the prevailing rate on the market. The natural rate is equal to the return on capital in an imaginary economy without money. Wicksell was also an important critic of the Quantity Theory of money.

Author: Wicksell, Knut
Publisher: Josephs Press
Illustration: n
Language: ENG
Title: Interest and Prices
Pages: 00252 (Encrypted EPUB)
On Sale: 2013-04-16
SKU-13/ISBN: 9781406716078
Category: Business & Economics : Economics - Theory
Category: Business & Economics : Economic History


(ID 130107513)

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