578 Pages
by
Routledge
616 Pages
by
Routledge
576 Pages
by
Routledge
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Known as the "economist's economist" for his work on creating a synthetic economic theory, Swedish economist Knut Wicksell was a controversial, but highly influential figure in modern economic thought. His contributions to marginal productivity theory, income distribution and, most notably, his theory of interest would come to have a profound impact upon twentieth century... Read more
VOLUME 1: INTRODUCTION I. THE THEORY OF VALUE 1. EXCHANGE VALUE AND ITS CAUSES. EARLIER EXPLANATIONS . 2. THE CONCEPT OF MARGINAL UTILITY 3. FREE EXCHANGE AND MARKET VALUE 4. OBJECTIONS AGAINST THE THEORY OF MARGINAL UTDLITY. EXCEPTIONS TO THE THEORY 5. THE GAIN FROM FREE EXCHANGE 6. PRICING UNDER LIMITED COMPETITION 7. PRICING UNDER THE INFLUENCE OF PRODUCTION .II. THE THEORY OF PRODUCTION AND DISTRIBUTION 1. PRODUCTION WITHOUT CAPITAL 2. CAPITALISTIC PRODUCTION 3. TH E INTERDEPENDENCE OF PRODUCTION AND EXCHANGE. THE THEORY OF EXCHANGE-VALUE IN ITS FINAL FORM . III. CAPITAL ACCUMULATION APPENDICES 1. PROFESSOR CASSEL’S SYSTEM OF ECONOMICS . 2. REAL CAPITAL AND INTEREST, VOLUME 2: INTRODUCTION I. THE CONCEPTION AND FUNCTIONS OF MONEY 1. TH E ECONOMIC IMPORTANCE OP MONEY 2. MONEY AS A MEASURE AND STORE OP VALUE .3. MONEY AS A MEDIUM OP EXCHANGE 4. TH E RELATION BETWEEN MONEY AND CREDIT II. CURRENCY 1. TH E PRECIOUS METALS AS CURRENCY 2. CURRENCY IN MODERN TIMES 3. SWEDISH CURRENCY HISTORY 4. TH E TECHNIQUE OP CURRENCY 5. STANDARD MONEY AND TOKEN MONEY 6. MONEY FROM THE LEGAL POINT OP VIEW III. THE VELOCITY OF CIRCULATION OF MONEY. BANKING AND CREDIT 1. ON VELOCITY OF CIRCULATION IN GENERAL 2. VIRTUAL VELOCITY OF CIRCULATION 3. FORMS OP CREDIT 4. SOME HISTORICAL NOTES ON THE ORIGIN OF BANKING 5. MODERN BANKING 6. TH E “ IDEAL BANK ” AND THE OBSTACLES TO ITS REALIZATION .IV. THE EXCHANGE VALUE OF MONEY 1. WHAT IS UNDERSTOOD BY THE EXCHANGE VALUE OF MONEY ? THE VALUE OF MONEY AND COMMODITY PRICES 2. THE AVERAGE LEVEL OF PRICES 3. THE QUANTITY THEORY OF THE VALUE OF MONEY 4. TH E COST OF PRODUCTION THEORY 5. MODERN THEORIES 6. TH E DEFECTS OF THE QUANTITY THEORY. A N ATTEMPT AT A RATIONAL THEORY 7. TH E INFLUENCE OF CREDIT ON COMMODITY PRICES .8. A CRITICISM OF THE THEORIES OF RIOARDO AND TOOKE . 9. TH E POSITIVE SOLUTION 10. CONCLUSIONS. TH E PRACTICAL ORGANIZATION OF CURRENCY. Note on Irving Fisher’s Proposal for the Regulation of the Purchasing Power of Money
Biography
Knut Wicksell
