Series: Routledge Library Editions: Landmarks in the History of Economic Thought. Num Pages: 182 pages. BIC Classification: KCA; KCBM; KCZ. Category: (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 234 x 156. . . 2016. Hardcover. . . . .

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Bibliographic Details

Title: Value, Capital and Rent
Publisher: Taylor & Francis Ltd
Publication Date: 2016
Language: English
ISBN 10: 1138218073
ISBN 13: 9781138218079
Binding: Hardcover
Condition: New

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Synopsis

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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Wicksell, Knut

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