Two early Swedish debates about Wicksell's cumulative process

Claes-Henric Siven

The European Journal of the History of Economic Thought, 1998, vol. 5, issue 1, 120-139

Abstract: The paper contains a survey and analysis of two debates between Wicksell and a number of Swedish economists concerning the cumulative process. The debates illustrate various problems with the analytical formulation of the cumulative process and how these problems were dealt with by the participants. Inter alia the institutional framework (inside versus outside money), excess demand or interest gap as an engine of inflation, the natural and the normal rate of interest, the relationship between the real and the monetary parts of the economy and price expectations are discussed in the paper.

Keywords: Wicksell; Davidson; Cumulative process; Inflation; Money; Expectations (search for similar items in EconPapers)
Date: 1998
References: View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/10427719800000005 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:eujhet:v:5:y:1998:i:1:p:120-139

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJH20

DOI: 10.1080/10427719800000005

Access Statistics for this article

The European Journal of the History of Economic Thought is currently edited by José Luís Cardoso

More articles in The European Journal of the History of Economic Thought from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().