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Value, Capital and Rent (Routledge Library Editions: Landmarks in the History of Economic Thought) (Volume 13)

Value, Capital and Rent (Routledge Library Editions: Landmarks in the History of Economic Thought) (Volume 13)

ISBN: 9781138218079
Publisher: Routledge
Edition: 1
Publication Date: 2016-10-26
Number of pages: 182
Any used item that originally included an accessory such as an access code, one time use worksheet, cd or dvd, or other one time use accessories may not be guaranteed to be included or valid. By purchasing this item you acknowledge the above statement.
$152.45

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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