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Value, Capital and Rent
Paperback
Series: Routledge Library Editions: Landmarks in the History of Econ
ISBN13: 9781138218109
Publisher: Routledge
Published: Oct 23 2018
Pages: 178
Weight: 0.59
Height: 0.39 Width: 6.14 Depth: 9.21
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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