Named after Swedish
Wicksell pointed out that in an equilibrium situation, the
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capital and interest — ▪ economics Introduction in economics, a stock of resources that may be employed in the production of goods and services and the price paid for the use of credit or money, respectively. Capital in economics is a word of many meanings … Universalium
Wicksell, Knut — ▪ Swedish economist born Dec. 20, 1851, Stockholm died May 3, 1926, Stocksund, Swed. Swedish economist, the foremost in his generation and internationally renowned for his pioneering work in monetary theory. In Geldzins und… … Universalium
Knut Wicksell — Johan Gustaf Knut Wicksell (December 20, 1851 in Stockholm ndash; May 3, 1926 in Stocksund) was a Swedish economist.BiographyWicksell was born in Stockholm, Sweden on December 20, 1851. His father was a relatively successful businessman and real… … Wikipedia
Monetary-disequilibrium theory — is basically a product of the Monetarist school mainly represented in the works of Leland Yeager and Austrian macroeconomics. The basic concept of monetary equilibrium(disequilibrium) was however defined in terms of an individual s demand for… … Wikipedia
Cambridge capital controversy — The Cambridge capital controversy was a 1960s debate in economics concerning the nature and role of capital goods (or means of production). The name arises because of the location of those most involved in the controversy: the debate was largely… … Wikipedia
Débat de Cambridge sur le capital — Controverse des deux Cambridge La controverse des deux Cambridge est un débat économique datant des années 60 sur la nature et le rôle des biens d équipement (moyens de production). Elle doit son nom aux villes où se trouvaient les intervenants… … Wikipédia en Français
Knut Wicksell — Johan Gustaf Knut Wicksell (20 décembre 1851 à Stockholm – 3 mai 1926 à Stocksund) est un économiste suédois. Sommaire 1 Biographie 2 Contributions théoriques 3 Postérité … Wikipédia en Français
Austrian Business Cycle Theory — The Austrian business cycle theory is the Austrian School s explanation of the phenomenon of business cycles (or credit cycles ). Austrian economists assert that inherently damaging and ineffective central bank policies are the predominant cause… … Wikipedia
Value and Capital — is a book by the British economist John Richard Hicks, published in 1939. It is considered a classic exposition of microeconomic theory. A central result in consumer demand theory that the book builds on is that goods have value even with only… … Wikipedia
economic stabilizer — Any of the institutions and practices in an economy that serve to reduce fluctuations in the business cycle through offsetting effects on the amounts of income available for spending (disposable income). The progressive income tax, unemployment… … Universalium
