Studies in the Theory of Money and Capital

Erik Lindahl

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English

Routledge
23 October 2018

Economic theory & philosophy; Monetary economics; Economic history

Series: Routledge Library Editions: Landmarks in the History of Economic Thought

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.

By: Erik Lindahl
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 453g
ISBN: 9781138215696
ISBN 10: 1138215694
Series: Routledge Library Editions: Landmarks in the History of Economic Thought
Pages: 385
Publication Date: 23 October 2018
Audience: General/trade , College/higher education , ELT Advanced , Primary
Format: Paperback
Publisher's Status: Active

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)

Erik Lindahl

Reviews for Studies in the Theory of Money and Capital

'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.