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Wicksell by Natháli is a document available to read on EtoBox.

Knut Wicksell was a leading Swedish economist in the late 19th/early 20th century who made influential contributions to economic theory. He distinguished between the natural interest rate and the money interest rate, and developed the theory of the "cumulative process" that monetary policy could influence prices by changing the money rate relative to the natural rate. His work influenced both the Keynesian and Austrian schools of economic thought and helped establish Sweden

Author

Natháli

Language

EN