Value, Capital and Rent

Business & Finance, Economics, Comparative Economics, Economic History
Cover of the book Value, Capital and Rent by Knut Wicksell, Taylor and Francis
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Author: Knut Wicksell ISBN: 9781315438474
Publisher: Taylor and Francis Publication: November 10, 2016
Imprint: Routledge Language: English
Author: Knut Wicksell
ISBN: 9781315438474
Publisher: Taylor and Francis
Publication: November 10, 2016
Imprint: Routledge
Language: English

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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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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