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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Book Description Routledge, 2016. Hardback. Book Condition: NEW. 9781138218079 This listing is a new book, a title currently in-print which we order directly and immediately from the publisher. Bookseller Inventory # HTANDREE01215236
Book Description Routledge, 2016. Hardcover. Book Condition: Brand New. 182 pages. 9.45x6.38x0.51 inches. In Stock. Bookseller Inventory # __1138218073