Disproving Wicksell’s Theory of Interest

This paper disproves Wicksell's theory of interest rate. It shows that his theory rests on four unrealistic assumptions. A standard isoquant derives contrary conclusions from Wicksell's: that a drop of interest rate does not raise wage rate, and that a drop of interest rate reduces quantity demanded for labor

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Year of publication:	2016
Authors:	Choi, Hak
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Zinstheorie \| Theory of interest \| Kapitaltheorie \| Capital theory

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Extent:	1 Online-Ressource (5 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 29, 2013 erstellt
Other identifiers:	10.2139/ssrn.2361197 [DOI]
Classification:	E43 - Determination of Interest Rates; Term Structure Interest Rates ; E31 - Price Level; Inflation; Deflation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013006957