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Interest and Prices (Large Print Edition)
A Study of the Causes Regulating the Value of Money
Knut Wicksell
Livre broché | Anglais
22,95 €
+ 45 points
Description
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.
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.
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- Editeur:
Contenu
- Nombre de pages :
- 274
- Langue:
- Anglais
Caractéristiques
- EAN:
- 9781495385827
- Date de parution :
- 30-01-14
- Format:
- Livre broché
- Format numérique:
- Trade paperback (VS)
- Dimensions :
- 203 mm x 254 mm
- Poids :
- 548 g
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