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Interest and Prices
Interest and Prices
A Study of the Causes Regulating the Value of Money
Knut Wicksell
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Pages
252
Year
2011
Language
English
Publisher
Read Books Ltd.
About
In this work, Wicksell invented the influential term 'natural interest rate', the rate that is compatible with a stable price level. Interest below the natural rate makes inflation likely, while interest above that rate tends to produce deflation.
Related Subjects
Economic History
Business & Economics
Adult Nonfiction
Interest
General
Economics
Theory
Artists
Knut Wicksell
Author
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