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Value, Capital and Rent (Routledge Library Editions: Landmarks in the History of Economic Thought)

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Value, Capital and Rent (Routledge Library Editions: Landmarks in the History of Economic Thought) image
ISBN-10:

1138218103

ISBN-13:

9781138218109

Author(s): Wicksell, Knut
Edition: 1
Released: Oct 23, 2018
Publisher: Routledge
Format: Paperback, 178 pages
Related ISBN: 9781138218079
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Description:

Knut Wicksell is acknowledged to be the precursor and prophet of modern macroeconomic theory and he provided some of its chief elements a generation before their power and significance were properly recognized. This book, originally published in German in 1893 and in English in 1954 brought time into the previously timeless theory of value and income distribution. The theory of the real interest rate, which he developed in Value, Capital and Rent became a central and essential element when he began to explain what determines the general level of money prices and how the changes of this level come about.

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