Title: 
Interest and Prices
Author: 
Knut Wicksell
Updated: 
6/29/2011 7:48:38 AM
Publication Info:
Originally published in 1898. Translation published by the Royal Economic Society, London, 1936. 
Description: 
<p>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.<p> 

<p>This edition of this important work is the only one in print.<p>

ISBN #:
9781610160599
Source:
Online Books
Time(s):

Original URL:
http://mises.org/document/3124/Interest-and-Prices
Mises Store:
http://mises.org/store/product.aspx?ProductId=394