From Mises Wiki, the global repository of classical-liberal thought
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.
- 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.