Studies in the Theory of Money and Capital: 1st Edition (Paperback) book cover

Studies in the Theory of Money and Capital

1st Edition

By Erik Lindahl


385 pages

Purchasing Options:$ = USD
Paperback: 9781138215696
pub: 2018-10-23
Hardback: 9781138215566
pub: 2016-10-24
eBook (VitalSource) : 9781315443607
pub: 2016-11-10
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It is well-known that the Swedish experiment in practical economic control was inspired by a simultaneous development of economic thought in Sweden. Despite Swedish economics being known globally, until this book was originally published in 1939 there was little except second-hand descriptions of what the Swedes were really saying. This volume remedied that and explained hitherto hidden contemporary Swedish monetary theory.


‘It is a classic…This book opens to English reader the chapter and verse of Swedish economics. The nature of economic theory, the problem of planning, the theory of prices, the measurement of values in a dynamic economy, the rate of interest and the nature and function of capital – all are set out in a full and stately way.’ Donald Tyerman, Time and Tide.

Table of Contents

Part 1: The Dynamic Approach to Economic Theory 1. Introduction to the Study of Dynamic Theory 2. Algebraic Discussion of the Relations Between Some Fundamental Concepts Part 2: The Rate of Interest and the Price Level (1930) 1. Introduction 2. The Cumulative Process Caused by Lowering or Raising the Level of Interest Rates 3. The Significance of Interest Rate Differentiation 4. The Rate of Interest As An Instrument For the Maintenance of An Unchanged Price Level 5. The Rate of Interest As An Instrument for Regulating The Price Level in Inverse proportion to Productivity 6. Wicksell’s Concept of a ‘Normal Rate of Interest’ Part 3: The Place of Capital in the Theory of Price (1929) 1. The Traditional Setting of the Pricing Problem 2. Perfect Foresight and Stationary Conditions 3. Perfect Foresight and Dynamic Conditions 4. Imperfect Foresight. Appendix: The Problem of Balancing the Budget (1935)

About the Series

Routledge Library Editions: Landmarks in the History of Economic Thought

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Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic History
BUSINESS & ECONOMICS / Economics / Comparative