Knut Wicksell Theory

  knut wicksell theory: Interest and Prices Knut Wicksell, 2011-03-23 This antiquarian volume contains a fascinating treatise on interest-rates and prices in the late nineteenth century. Containing a wealth of interesting historic information on the state of the economy at this pivotal point in history, this is a text that will be of much value to those with an interest in the history and development of the modern economy, and is not to be missed by collectors of such literature. The chapters of this book include: 'Purchasing Power of Money and Average Prices', 'Relative Prices and Money Prices', 'The So-Called Cost of Production Theory of Money', 'The Quantity Theory and its Opponents', 'The Velocity of Circulation of Money', 'The Rate of Interest as Regulator of Commodity Prices', etcetera. This antiquarian book is being republished now in an affordable, modern edition complete with a new prefatory biography of the author. 'Interest and Prices' was first published in 1898.
  knut wicksell theory: Value, Capital, and Rent Knut Wicksell, 1954
  knut wicksell theory: Selected Papers on Economic Theory Knut Wicksell, 2016-11-10 This volume, originally published in 1958, contains a selection of the most important and interesting articles by Knut Wicksell, which had hitherto only been published in Swedish. They cover Wicksell’s views on Economics and monetary theory, his theory of production and distribution, some review articles on the works of Pareto, Böhm-Bawerk, Carl Menger and Bowley and some papers on foreign trade problems, written after the First World War. Erik Lindahl’s introductory essay gives a picture of Wicksell the social reformer, who radical opinions often brought him into conflict with the authorities and the general public.
  knut wicksell theory: Lectures on Political Economy Knut Wicksell, 1961
  knut wicksell theory: Knut Wicksell Bo Sandelin, 2013-06-17 Knut Wicksell made enormous contributions to capital theory, monetary theory and fiscal policy. However whilst his books are widely available in English, few of his more than 800 articles have ever been translated. This volume, first published in 1997, includes new translations of Wicksell's contributions to marginalism and capital theory; public economics and unemployment.
  knut wicksell theory: Money, Interest and Capital Colin Rogers, 1989-05-11 The novel feature of this study is the application of Keynes' principle of effective demand to demonstrate the existence of a long-run unemployment equilibrium without the assumption of rigid wages.
  knut wicksell theory: The Theoretical Contributions of Knut Wicksell Steinar Strøm, Björn Thalberg, 1979
  knut wicksell theory: Knut Wicksell on the Causes of Poverty and its Remedy Mats Lundahl, 2012-10-12 Knut Wicksell is arguably the greatest Swedish social scientist of all time, and poverty was a theme that occupied him all his life. Indeed, it was probably Wicksell's interest in poverty that was the critical factor in drawing him away from his purely mathematical background towards a greater understanding of the social sciences as a whole. In this outstanding volume, Mats Lundahl, one of the world's leading development economists, examines Wicksell's thinking in the area of poverty, and shows the importance of his contributions to this field.
  knut wicksell theory: Interest and Prices Michael Woodford, 2011-12-12 With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980s, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure fiat currencies be managed so as to create confidence in the stability of national units of account? Interest and Prices seeks to provide theoretical foundations for a rule-based approach to monetary policy suitable for a world of instant communications and ever more efficient financial markets. In such a world, effective monetary policy requires that central banks construct a conscious and articulate account of what they are doing. Michael Woodford reexamines the foundations of monetary economics, and shows how interest-rate policy can be used to achieve an inflation target in the absence of either commodity backing or control of a monetary aggregate. The book further shows how the tools of modern macroeconomic theory can be used to design an optimal inflation-targeting regime--one that balances stabilization goals with the pursuit of price stability in a way that is grounded in an explicit welfare analysis, and that takes account of the New Classical critique of traditional policy evaluation exercises. It thus argues that rule-based policymaking need not mean adherence to a rigid framework unrelated to stabilization objectives for the sake of credibility, while at the same time showing the advantages of rule-based over purely discretionary policymaking.
  knut wicksell theory: Classics in the Theory of Public Finance Richard A. Musgrave, Alan T. Peacock, 1958-01-01 This book was prepared mainly for specialists on the assumption that it would provide the background to an important neglected field of discussion in public finance. Since it was first published in 1958, the theory of public goods and its implications for public policy have become incorporated in the main body of the economic analysis of public finance in the literature. A glance at the footnotes of some of the standard textbooks on public finance indicates that this assembly of articles has not been in vain. Probably the most influential part of this collection has been the papers concerned with the theory of public expenditure, which contains two closely related elements. The first is as a part of welfare economics: under what conditions can Pareto optimality be achieved in an economic system in which some goods supplied are indivisible? The other strand of thought is concerned with the positive theory of the public sector: how can economic analysis be used in order to explain how the size and composition of the budget is actually determined?
  knut wicksell theory: Classical Economics and Modern Theory Heinz D. Kurz, Neri Salvadori, 2005-08-12 The well known economists Kurz and Salvadori cover original findings and new vistas on old problems including alternative interpretations of classical economics, new groth theory, Sraffian theory and Von Neumann and the treatment of capital.
  knut wicksell theory: Monetary Theory and Policy from Hume and Smith to Wicksell Arie Arnon, 2012-08-27 This book provides a comprehensive survey of the major developments in monetary theory and policy from David Hume and Adam Smith to Walter Bagehot and Knut Wicksell. In particular, it seeks to explain why it took so long for a theory of central banking to penetrate mainstream thought. The book investigates how major monetary theorists understood the roles of the invisible and visible hands in money, credit, and banking; what they thought about rules and discretion and the role played by commodity-money in their conceptualizations; whether or not they distinguished between the two different roles carried out via the financial system - making payments efficiently within the exchange process and facilitating intermediation in the capital market; how they perceived the influence of the monetary system on macroeconomic aggregates such as the price level, output, and accumulation of wealth; and finally, what they thought about monetary policy. The book explores the analytical dimensions in the various monetary theories while emphasizing their policy consequences. The book highlights the work of a number of pioneering theoreticians. Among these Henry Thornton stands out, primarily because of his innovative analyzis of the complicated phenomena that developed after the introduction of an inconvertible monetary system in 1797. A major question addressed by the book is why theoreticians and policymakers were so resistant to his ideas for so many years.
  knut wicksell theory: Rethinking the Keynesian Revolution Tyler Beck Goodspeed, 2012-06-04 While standard accounts of the 1930s debates surrounding economic thought pit John Maynard Keynes against Friedrich von Hayek in a clash of ideology, this reflexive dichotomy is in many respects superficial. It is the argument of this book that both Keynes and Hayek developed their respective theories of the business cycle within the tradition of Swedish economist Knut Wicksell, and that this shared genealogy manifested itself in significant theoretical affinities between the two supposed antagonists. The salient features of Wicksell's work, namely the importance of money, the role of uncertainty, coordination failures, and the element of time in capital accumulation, all motivated the Keynesian and Hayekian theories of economic fluctuations. They also contributed to a fundamental convergence between the two economists during the 1930s. This shared, Wicksellian vision of economic problems points to a very different research agenda from that of the Walrasian-style, general equilibrium analysis that has dominated postwar macroeconomics. This book will appeal to economists interested in historical perspective of their discipline, as well as historians of economic thought. The author not only deconstructs some of the historical misconceptions of the Keynes versus Hayek debate, but also suggests how the insights uncovered can inform and instruct modern theory. While much of the analysis is technical, it does not assume previous knowledge of 1930s economic theory, and should be accessible to academics and graduate students with general economics training.
  knut wicksell theory: Collected Papers on Monetary Theory Robert E. Lucas Jr., Max Gillman, 2013-01-07 One of the outstanding monetary theorists of the past 100 years, Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. These 21 papers, published 1972–2007, cover core monetary theory and public finance, asset pricing, and the real effects of monetary instability.
  knut wicksell theory: The Clash of Economic Ideas Lawrence H. White, 2012-04-09 The Clash of Economic Ideas interweaves the economic history of the last hundred years with the history of economic doctrines to understand how contrasting economic ideas have originated and developed over time to take their present forms. It traces the connections running from historical events to debates among economists, and from the ideas of academic writers to major experiments in economic policy. The treatment offers fresh perspectives on laissez faire, socialism and fascism; the Roaring Twenties, business cycle theories and the Great Depression; Institutionalism and the New Deal; the Keynesian Revolution; and war, nationalization and central planning. After 1945, the work explores the postwar revival of invisible-hand ideas; economic development and growth, with special attention to contrasting policies and thought in Germany and India; the gold standard, the interwar gold-exchange standard, the postwar Bretton Woods system and the Great Inflation; public goods and public choice; free trade versus protectionism; and finally fiscal policy and public debt.
  knut wicksell theory: The Theory of Interest Friedrich A. Lutz, This book contains a critical analysis of the main theories of interest which have been published since B÷hm-Bawerk. The last part of the book gives an account of the author's own theory. The first part, which deals with the history of doctrines, discusses the theories of B÷hm-Bawerk, Wicksell, Akerman, and Hayek, authors who proceed from the assumption of stationary state. The second group of authors consists of Walras, Irving Fisher, and F. H. Knight, who assume a progressive economy in which net saving and investment occur. The third group of authors are those who stress the monetary factor. The central figure of this part is Keynes; but other authors, among them Patinkin, are also dealt with. The theories on the term structure of interest rates are discussed in the last part of the history of doctrines. The author's own theory deals with the problem of the interest rate first in terms of partial equilibrium analysis, whereby particular attention is paid to the influence of the banking system on the structure of interest rates. In the final chapter the author proceeds to expound the interest theory in the framework of general equilibrium analysis. A mathematical appendix concludes this book. Friedrich A. Lutz (1901-1975) taught economics at Princeton University for fifteen years before becoming Professor of Economics at the University of Zurich. He was also the president of the Mont Pelerin Society from 1964-1967.
  knut wicksell theory: On the Manipulation of Money and Credit Ludwig Von Mises, 2011 Published by Liberty Fund for the first time in English, On the Manipulation of Money and Credit consists primarily of three pieces on monetary theory written by Ludwig von Mises between 1923 and 1931. As a precursor to Human Action, Mises's magnum opus, this volume includes some of his most important contributions to trade-cycle theory. The first essay, Stabilization of the Monetary Unit from the Viewpoint of Theory written in 1923 during a period of German hyperinflation, discusses the consequences of the fluctuating purchasing power of paper money and explores such ideas as the outcome of inflation, that is, the result of the increase in the amount of money, and an emancipation of monetary value from the influence of government. Written in 1928, the second essay, Monetary Stabilization and Cyclical Policy critiques schemes for stabilising prices and for measuring purchasing power. The third selection is a speech Mises gave in 1931, The Causes of the Economic Crisis. It explores the nature and role of the market and cyclical changes in business conditions.
  knut wicksell theory: Monetary Equilibrium Gunnar Myrdal, 1962
  knut wicksell theory: Knut Wicksell Knut Wicksell, 1969
  knut wicksell theory: Friedrich Hayek Eamonn Butler, 2012-09-30 Friedrich Hayek was one of the leading economists of the 20th century and the leading contemporary critic of Keynes. He did pioneering work on monetary theory and trade cycles, but achieved international fame through his 1944 critique of totalitarian socialism, The Road to Serfdom. He went on to map out the principles of a free society in a series of books including Law, Legislation and Liberty and became the leading proponent, along with Milton Friedman, of economic and political liberalism. Setting him in context as well as incorporating criticism since his death 20 years ago, this book explores several major areas of Hayek's thought and argument: - why society is not something that can be rebuilt any way we want, but is the result of long-term cultural evolution, and what that means for political reform, morality and individual choice - the kind of laws that true freedom relies upon, and how freedom and its benefits are threatened by political confusions - how the market process really works: from maximising gains for everyone who participates, to competition as a discovery process - where boom and bust cycles come from and how privatising currencies could be the startling solution - how we actually interpret our world, and what this means for social sciences and politics - why socialism was a mistake, capitalism isn't wasteful, and what economic organisation has to do with political destiny - the impossibility of social justice but the genuine hope offered by true economic freedom - what the real foundations of a free society look like. A breath of intellectual fresh air, this concise guide to Friedrich Hayek is a must for any reader or student interested in one of the most vital minds of the 20th century.
  knut wicksell theory: Economic Theory of Bank Credit L. Albert Hahn, 2015-10-08 L. Albert Hahn published the first edition of the Economic Theory of Bank Credit in 1920 and a radically revised third edition in 1930. Economic Theory of Bank Credit is a clear exposition of a theory of credit and stands in the tradition of Harley Withers, Henry Macleod, and Knut Wicksell. A theory of credit recognizes that banks are not only intermediaries of savings but in fact create money themselves. This idea is paired with a detailed account of the technical processes of the banking sector. In Part Two, Hahn provides an economic account of the effects of credit creation on the economy: banks vary their credit creation activity for various reasons and cause fluctuations in overall economic activity. Hahn therefore develops a monetary theory of the business cycle in the spirit of Schumpeter. The first and third editions draw different conclusions about central bank policy. The first edition is optimistic that an ever-lasting boom could be achieved, whilst the third edition sees the core function of central bank policy as smoothing economic fluctuations. This edition, translated into English for the first time, enables the reader to revisit this classic contribution to monetary theory. It features a complete translation of the first edition, key elements of the third edition, and a new introduction by Professor Harald Hagemann.
  knut wicksell theory: A Concise History of Economic Thought Gianni Vaggi, Peter Groenewegen, 2006
  knut wicksell theory: The Elgar Companion to Public Choice Michael Reksulak, Laura Razzolini, William F. Shughart, 2013-01-01 'This is a comprehensive set of essays on myriad facets of public choice by many of the leading contributors in the field. The coverage is excellent and the essays are terrific. I highly recommend this book for researchers and students.' – Todd Sandler, University of Texas at Dallas, US The Elgar Companion to Public Choice, Second Edition brings together leading scholars in the field of political economy to introduce readers to the latest research in public choice. The Companion lays out a comprehensive history of the field and, in five additional parts, it explores public choice contributions to the study of the origins of the state, the organization of political activity, the analysis of decision-making in non-market institutions, the examination of tribal governance, and to modeling and predicting the behavior of international organizations and transnational terrorism. With broad and up-to-date coverage, this second edition will appeal to politicians and policymakers, academics and researchers in public and social choice and political science as well as graduate students in economics, political science and public administration.
  knut wicksell theory: Handbook of the History of Economic Thought Jürgen Georg Backhaus, 2014-01-25 This reader in the history of economic thought challenges the assumption that today’s prevailing economic theories are always the most appropriate ones. As Leland Yeager has pointed out, unlike the scientists of the natural sciences, economists provide their ideas largely to politicians and political appointees who have rather different incentives that might prevent them from choosing the best economic theory. In this book, the life and work of each of the founders of economics is examined by the best available expert on that founding figure. These contributors present rather novel and certainly not mainstream interpretations of the founders of modern economics. The primary theme concerns the development of economic thought as this emerged in the various continental traditions including the Islamic tradition. These continental traditions differed substantially, both substantively and methodologically, from the Anglo-Saxon orientation that has been dominant in the last century for example in the study of public finance or the very construct of the state itself. This books maps the various channels of continental economics, particularly from the late-18th through the early-20th centuries, explaining and demonstrating the underlying unity amid the surface diversity. In particular, the book emphasizes the writings of John Stuart Mill, his predecessor David Ricardo and his follower Jeremy Bentham; the theory of Marginalism by von Thünen, Cournot, and Gossen; the legacy of Karl Marx; the innovations in developmental economics by Friedrich List; the economic and monetary contributions and “struggle of escape” by John Maynard Keynes; the formidable theory in public finance and economics by Joseph Schumpeter; a reinterpretation of Alfred Marshall; Léon Walras, Heinrich von Stackelberg, Knut Wicksell, Werner Sombart, and Friedrich August von Hayek are each dealt with in their own right.
  knut wicksell theory: The Theoretical Contributions of Knut Wicksell Steinar Strom, Bjoen Thalberg, 2015-12-30
  knut wicksell theory: Seven Figures in the History of Swedish Economic Thought M. Lundahl, 2015-06-08 Who are the greatest economic thinkers of Sweden? Seventeen essays on seven Swedish economists aim to answer this question, exploring the contributions of Knut Wicksell, Eli Heckscher, Bertil Ohlin, Torsten Gårdlund, Sven Rydenfelt, Staffan Burenstam Linder and Jaime Behar. Swedish academic economists have by and large withdrawn from the public debate but this book celebrates Swedish Economic Thought from Knut Wicksell to the present.
  knut wicksell theory: Rethinking the Theory of Money, Credit, and Macroeconomics John Smithin, 2018-09-15 This book is the definitive scholarly work on money, credit and macroeconomics for the twenty-first century. Nine decades ago Keynes claimed to be writing a work that would “largely revolutionize the way the world thinks about economic problems”. This is a modern day attempt with the same purpose.
  knut wicksell theory: The Theory of Money and Credit Ludwig von Mises, 2013-08-01 “It is impossible to grasp the meaning of the idea of sound money if one does not realize that it was devised as an instrument for the protection of civil liberties against despotic inroads on the part of governments.” – from The Theory of Money and Credit Originally published in 1912, Ludwig von Mises’s The Theory of Money and Credit remains today one of economic theory’s most influential and controversial treatises. Von Mises’s examination into monetary theory changed forever the world of economic thought when he successfully integrated “macroeconomics” into “microeconomics” —previously deemed an impossible task —as well as offering explanations into the origin, value and future of money. One hundred years later, von Mises and the Austrian school of economic theory are still fiercely debated by world economists in their search for the solution to America’s current financial crisis. His theorems continue to inspire politicians and market experts who aim to raise up the common man and reduce the financial power of governments. In a preface added in 1952, von Mises urges the people of the world to see economic truth: “The great inflations of our age are not acts of God. They are man-made or, to say it bluntly, government-made. They are the off-shoots of doctrines that ascribe to governments the magic power of creating wealth out of nothing and of making people happy by raising the ‘national income.’” “The best book on money ever written.” —Murray Rothbard, economist and historian “The greatest economist of the twentieth century.” —Sandeep Jaitly, economist
  knut wicksell theory: A Search-equilibrium Approach to the Micro Foundations of Macroeconomics Peter A. Diamond, 1984 Peter A. Diamond discusses search equilibrium as a framework for integrating micro and macroeconomics.
  knut wicksell theory: Knut Wicksell, a cornerstone in modern economic theory Ragnar Frisch, Knut Wicksell, 1951
  knut wicksell theory: Knut Wicksell John Cunningham Wood, 1994 This collection brings together the major secondary literature on this crucial figure. The range and quality of the articles collected indicates the richness of Wicksell's work and the importance of his legacy.
  knut wicksell theory: The Life of Knut Wicksell Torsten Gårdlund, 1958
  knut wicksell theory: The Theory of Social Economy Gustav Cassel, 1967
  knut wicksell theory: The Evolution of Economic Thought Stanley L. Brue, Randy R. Grant, 2013 This textbook presents the history of economics and the philosophies that drive the economic way of thinking. It explains the ideas of the great economic thinkers and their logical connections to the world of today and tomorrow.
  knut wicksell theory: The Positive Theory of Capital Eugen von Böhm-Bawerk, 1923
  knut wicksell theory: Selected Essays in Economics Knut Wicksell, 1997 This volume includes new translations of Wicksell's contributions to marginalism and capital theory; public economics and unemployment
  knut wicksell theory: Lectures on Political Economy Knut Wicksell, 1934
  knut wicksell theory: Wicksell’s Monetary Theory , 1991-06-18 Originally published in Italian in 1983, the book elaborates and interprets Wicksell's monetary theories, contrasting them with the methodological approach of both classical economists and members of the Swedish school.
  knut wicksell theory: The Monetary Theory of Production Augusto Graziani, 2003-09-04 In mainstream economic theory money functions as an instrument for the circulation of commodities or for keeping a stock of liquid wealth. In neither case is it considered fundamental to the production of goods or the distribution of income. Augusto Graziani challenges traditional theories of monetary production, arguing that a modern economy based on credit cannot be understood without a focus on the administration of credit flows. He argues that market asset configuration depends not upon consumer preferences and available technologies but on how money and credit are managed. A strong exponent of the circulation theory of monetary production, Graziani presents an original and perhaps controversial argument that will stimulate debate on the topic.
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Since when was knut pronounced “kuh-nut” : r/harrypotter - Reddit
Mar 9, 2023 · Knut is a first name at least in Sweden and Norway and you give it a nice hard K. Reply reply

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Knut's Community - Reddit
r/KnutTwitch: The Official Reddit Community of Knut. ''are you dumb?'' ~ Knut on diet

Knut finds out if his USA VISA is approved : r/LivestreamFail - Reddit
May 6, 2024 · Camp Knut 2 was going to be throughout April but streamers plan and communicate like literal children so they fucked that up. Miz thought the gym content was …

r/LivestreamFail: Livestream wins, fails, and everything in between
r/LivestreamFail: The place for all things livestreaming.

Since when was knut pronounced “kuh-nut” : r/harrypotter - Reddit
Mar 9, 2023 · Knut is a first name at least in Sweden and Norway and you give it a nice hard K. Reply reply

How do you think Camp Knut 2 will do compared to Camp Knut 1?
Jan 10, 2023 · Maybe for camp knut 2 he let's girls participate but just be even more strict with the chat moderation. more special guest, less tech issues, maybe more variety like the suicide …

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Knut and Jeanette's realtionship question. : r/KnutTwitch - Reddit
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Mizkif, Wake, and Knut have a reality check about the gym LUL
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As a Scandinavian: Its KNUT not CANUTE. Nobody ever was called …
Mar 20, 2023 · It's true that Knut wasn't named Canute, but he has been referred to as such in other languages (same as Henry the fowler who was actually named Heinrich, or William the …