First published 1898
Interest and Prices
Interest and Prices by Knut Wicksell is available as a free PDF and EPUB download at freecapitalists.org.
- Knut Wicksell
- First published
- 1898
- Format
- PDF and EPUB
- Pages
- 274
- ISBN
- 9781610160599
- Publisher
- Originally published in 1898. Translation published by the Royal Economic Society, London
- License
- Licence not verified for this edition.
Austrian theory & method Money, banking & crises
It was this work by Swedish economist Wicksell that drew Mises's attention 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.
This edition of this important work is the only one in print.
Questions
About this book and this copy
- Is Interest and Prices free to download?
- Yes. The complete 274-page PDF and EPUB downloads directly from this page (12.7 MB). There is no signup, no account and no paywall.
- How long is Interest and Prices?
- 274 pages, 17 chapters, and about 96,122 words in the edition this archive serves.
- Who wrote Interest and Prices?
- Knut Wicksell (1851–1926) was a Swedish economist and one of the founders of modern macroeconomics. His work focused on real and nominal interest rates, the marginal productivity of capital, and determinants of the price level. This archive holds 4 of Wicksell's works.
What's in it
17 chapters · 96,122 words · page numbers are this file's
- Translator's note and contentsp. 6
- Introductionp. 8
- Author's prefacep. 24
- I. Introductoryp. 34
- II. Purchasing Power of Money and Average Pricesp. 40
- III. Relative Prices and Money Pricesp. 51
- IV. The So-Called Cost of Production Theory of Moneyp. 62
- V. The Quantity Theory and Its Opponentsp. 71
- VI. The Velocity of Circulation of Moneyp. 84
- VII. The Rate of Interest as Regulator of Commodity Pricesp. 114
- VIII. The Natural Rate of Interest on Capital and the Rate of Interest on Loansp. 135
- IX. Systematic Exposition of the Theoryp. 155
- X. International Price Relationshipsp. 190
- XI. Actual Price Movements in the Light of the Preceding Theoryp. 198
- Practical Proposals for the Stabilization of the Value of Moneyp. 211
- Appendix: The Monetary Problem of the Scandinavian Countriesp. 230
- The Enigma of Business Cycles, 1907p. 254
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