Interest and Prices (Large Print Edition)

Interest and Prices (Large Print Edition) A Study of the Causes Regulating the Value of Money

Paperback (30 Jan 2014)

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Publisher's Synopsis

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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.

Book information

ISBN: 9781495385827
Publisher: Amazon Digital Services LLC - KDP Print US
Imprint: Createspace Independent Publishing Platform
Pub date:
Language: English
Number of pages: 274
Weight: 549g
Height: 254mm
Width: 203mm
Spine width: 15mm