Wicksell’s Lectures on Political Economy

Johan Gustaf Knut Wicksell, the author of these lectures, is an economist of outstanding achievement whose work has not yet received in English-speaking countries the attention it deserves. In Scandinavia where he taught, and in Central Europe and Italy where he has long been read, his influence has already been extensive and important. But in other parts, even at the time of his death, he was probably less known than any other economist of commensurate rank. In recent years, however, largely as a result of the writings of Professor Hayek and Mr J. M. Keynes, his theories concerning the rate of interest and the price level have become more widely known and his reputation is on the increase. It is safe to say that as the main body of his work becomes available, this process is likely to continue.