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Interest and Prices (Large Print Edition): A Study of the Causes Regulating the Value of Money (Large Print Edition)

Interest and Prices (Large Print Edition): A Study of the Causes Regulating the Value of Money (Large Print Edition)

Paperback

EconomicsInvesting & FinanceGeneral World History

ISBN10: 1495385825
ISBN13: 9781495385827
Publisher: Createspace
Published: Jan 30 2014
Pages: 274
Weight: 1.21
Height: 0.58 Width: 8.00 Depth: 10.00
Language: English
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.

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