Tell your friends about this item:
Interest and Prices (Large Print Edition): a Study of the Causes Regulating the Value of Money Lrg edition
Knut Wicksell
Interest and Prices (Large Print Edition): a Study of the Causes Regulating the Value of Money Lrg edition
Knut Wicksell
LARGE PRINT EDITION! More at LargePrintLiberty.com.
It was this work by Swedish economist Wicksell that drew the attention of Ludwig von Mises to the effects of interest rate manipulation on the capital structure. This was the first to present the idea of the natural rate of interest, which Wicksell argued 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. Mises took that idea and made it a central component of his business cycle theory. Wicksell was also an important critic of the Quantity Theory of money.
Media | Books Paperback Book (Book with soft cover and glued back) |
Released | January 30, 2014 |
ISBN13 | 9781495385827 |
Publishers | CreateSpace Independent Publishing Platf |
Pages | 274 |
Dimensions | 16 × 203 × 254 mm · 548 g |
Language | English |
Contributor | Bertil Ohlin |
Contributor | R. F. Kahn |
More by Knut Wicksell
See all of Knut Wicksell ( e.g. Paperback Book , Hardcover Book and Book )