Wicksell on the Currency Theory vs. the Banking Principle

Trygve Haavelmo

A chapter in The Theoretical Contributions of Knut Wicksell, 1979, pp 81-87 from Palgrave Macmillan

Abstract: Abstract In his search for a positive theory of the value of money Wicksell found the Quantity Theory and, even more so, the Banking Principle, quite inadequate. It is argued in this paper that Wicksell may have underestimated the theoretical value of the Banking Principle and that this principle is not incompatible with Wicksell’s own “Positive Solution”.

Keywords: Interest Rate; Cash Flow; Price Level; Banking System; Currency Theory (search for similar items in EconPapers)
Date: 1979
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:pal:palchp:978-1-349-04207-4_9

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349042074

DOI: 10.1007/978-1-349-04207-4_9

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().