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Knut Wicksell (1851-1926) was a Swedish economist who did pioneering work on the theory of interest. He distinguished between the money rate of interest and the “natural” rate, i.e., the rate of interest that would prevail in the absence of money. Ludwig von Mises was greatly influenced by this idea and developed on its basis a theory of ...
1. Jan. 2017 · Johan Gustav Knut Wicksell was born in Stockholm on 20 December 1851, the youngest of six children of Johan and Christina Wicksell. One child died in infancy, so Knut grew up with three sisters a few years older than he, and a brother, Axel, one year older.
Knut Wicksell Selected Essays in Economics, Volume 2. Edited by Bo Sandelin; Published: 1999 DOI: 10.4324/9780203443552 Print ISBN: ...
Abstract. Knut Wicksell’s work was seminal to intellectual developments that, later in the century, were to discredit the quantity theory of money among the majority of academic economists. The dynamic economics of the Stockholm School started from Wicksell’s analysis of inflation as a cumulative process; so did the Austrian business cycle ...
Knut Wicksell (Parròquia de Maria Magdalena, 20 de desembre de 1851 - Danderyd, 3 de maig de 1926) va ser un economista suec. Biografia. Des de la seva infantesa fou un vigorós opositor de les convencions socials. Quan es va casar va menysprear l'Església i l'Estat, anunciant simplement que ell i la seva notable dona s'havien unit ...
Knut Wicksell (1851-1926), Swedish economist, was born in Stockholm. He made an important contribution to the marginalist theory of price and distribution with Value, Capital and Rent (1893) and emerged as a pioneer in monetary theory with Interest and Prices (1898). His final statement of his views on price and distribution theory and on ...
11. Juni 2009 · The disparate approaches of James Buchanan and Richard Musgrave to public economics are both anchored in Knut Wicksell's contribution to the theory of public goods. In “A New Principle of Just Taxation,” the second essay of Finanztheoretische Untersuchungen (1896 [1994]), Wickseil considered how to design a voting mechanism to finance public goods and assure a just distribution of the tax ...
