Wicksell’s Elaboration: The Making of the Scheme

Guglielmo Chiodi
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Guglielmo Chiodi: University of Perugia

Chapter 4 in Wicksell’s Monetary Theory, 1991, pp 48-61 from Palgrave Macmillan

Abstract: Abstract In comparing the formal structure of Wicksell’s treatment of the ‘theory of production and distribution’, on the one hand, and ‘monetary theory’, on the other, one thing appears quite evident: the very different methods adopted in tackling and exposing the respective problems of the two theories. As regards the former, Wicksell arrived on the scene at a time when three separate strands of thought, quite different from each other in approach, had just replaced that of the classical economists: (i) English marginalist, (ii) Walrasian, (iii) Austrian (Böhm-bawerkian).

Keywords: Interest Rate; Price Level; Stock Exchange; Banking System; Natural Rate (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-12155-7_4

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DOI: 10.1007/978-1-349-12155-7_4

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