Knut Wicksell

Johan Gustaf Knut Wicksell (20 December 1851–3 May 1926) was an important Swedish economist.

Wicksell’s work is linked directly to three major traditions in economic theory:
 * the quantity theory of money and its implications for allowing an analysis of aggregate macro outcomes as well as their appropriate monetary policies;
 * the Austrian business cycle theory, which uses Wicksell’s concept of a natural rate of interest;
 * and the modern Public Choice paradigm in public finance, which is based on Wicksell’s contentions regarding interest groups in democracies.

Links

 * Knut Wicksell Literature Archive on the Mises Institute
 * Knut Wicksell (1851-1926 ) from the Concise Encyclopedia of Economics