Interest and Prices (Large Print Edition): A Study of the Causes Regulating the Value of Money (Paperback) (ISBN-13: 9781495385827)

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.

Author: R. F. Kahn, Knut Wicksell
ISBN-10: 1495385825
ISBN-13: 9781495385827
Publisher: Createspace Independent Publishing Platform
Language: English
Published: 01/30/2014
Pages: 274
Format: Paperback
Weight: 1.21lbs
Size: 10.00h x 8.00w x 0.58d
Large Print