Knut Wicksell
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(Redirected from Johan Gustav 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.[1]
References
- ↑ Robert L. Formaini. "Knut Wicksell: The Birth of Modern Monetary Policy", Economic Insights, Volume 9, Number 1, 2004, Federal Reserve Bank of Dallas. Referenced 2011-07-01.
Links
- Knut Wicksell Literature Archive on the Mises Institute
- Knut Wicksell (1851-1926 ) from the Concise Encyclopedia of Economics
- Knut Wicksell at Wikipedia