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Description - Value, Capital and Rent by Knut Wicksell

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 Details

ISBN: 9781138218079
Format: Hardback
(234mm x 156mm x mm)
Pages: 178
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 24-Oct-2016
Country of Publication: United Kingdom

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