This antiquarian volume contains a fascinating treatise on interest-rates and prices in the late nineteenth century. Containing a wealth of interesting historic information on the state of the economy at this pivotal point in history, this is a text that will be of much value to those with an interest in the history and development of the modern economy, and is not to be missed by collectors of such literature. The chapters of this book include: 'Purchasing Power of Money and Average Prices', 'Relative Prices and Money Prices', 'The So-Called Cost of Production Theory of Money', 'The Quantity Theory and its Opponents', 'The Velocity of Circulation of Money', 'The Rate of Interest as Regulator of Commodity Prices', etcetera. This antiquarian book is being republished now in an affordable, modern edition complete with a new prefatory biography of the author. 'Interest and Prices' was first published in 1898.
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‘Interest and Prices’, known under its German title as ‘Geldzins und Gϋterpreise’ was written by Kurt Wicksell - an influential and highly innovative economist. He is best known for his work in political economics, having deeply influenced the Stockholm School as well as the Keynesian and Austrian schools of economic thought. This text contains chapters dealing with issues such as relative prices and money prices, quantity theory, production theory, interest as a regulator of commodity prices and international price relationships. First published in 1898, it is essential reading for anyone interested in early economic theory, valuable for its historical as well as intellectual merits. Wicksell himself considered this book to be his most important research, primarily for the distinction made in it between natural rates of interest and money rates of interest. This theory has since been utilised to explain why economic booms happen when the natural rate of interest is higher than the money rate.
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