Lectures on Political Economy (Knut Wicksell - 1951) Vol. 1 General Theory

* Item Description

The work of the Scandinavian econ- omist, Knut Wicksell, is of international interest. His theory of capital and interest provides the intellectual found- ation of many of the most important modern discussions of monetary prob- lems and business depression, notably those of Lord Keynes and the younger Austrians, and the work of his followers in Scandinavia has been responsible for some of the most important recent con- tributions to the study of public finance and the theory of the exchanges.

The present work, which forms the

first volume of a complete translation of his Lectures on Political Economy, em- bodies his mature opinions on the central problems of general economic theory. Starting from a consideration of the simplest case of exchange, Wicksell gradually constructs a body of general- izations applicable to the explanation of the complicated phenomena of capital- ist production. In itself, the book is one of the best statements of the main propo- sitions of modern economic analysis. At the same time, it forms an indispensable introduction to the handling of problems of money and credit, which are the sub- stance of the second volume, published uniform with this and at the same price.

Seventh Impression