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Knut Wicksell and Ludwig von Mises on Money, Interest, and Price Dynamics

Published online by Cambridge University Press:  11 June 2009

Agnès Festré
Agnès Festré
Affiliation:
Email address: festre@idefi.cnrs.fr.
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Extract

In the aftermath of the so-called Marginal Revolution of the last end of the nineteenth century, economic analysis split into two branches. The first one was made up of economists who took as the methodological starting-point of their analyses the static or stationary state of a barter economy and considered that this basic framework was likely to be extended in order to account for monetary and financial considerations, as well as dynamics. However, in such a setting, the introduction of money, bank-credit, or any factor of growth did not substantially alter the features that are associated with the rudimentary economy of static real exchange.

Type
Research Article
Information
Journal of the History of Economic Thought , Volume 28 , Issue 3 , September 2006 , pp. 333 - 357
Copyright
Copyright © The History of Economics Society 2006

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