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Knut Wicksell and Contemporary Political Economy

In: Handbook of the History of Economic Thought

Author

Listed:
  • Richard E. Wagner

    (George Mason University)

Abstract

After briefly sketching the life and times of Knut Wicksell, three primary lines of contribution are examined to illustrate Wicksell’s contemporary relevance. The first is Wicksell’s treatment of capital and production in relation to the theory of marginal productivity. The second is Wicksell’s contribution to monetary theory, economic stability, and coordinationist macroeconomics. The third is Wicksell’s contribution to just taxation and the theory of public finance. While portions of each of these three examinations will be purely descriptive, considerable attention will also be given in each part to some contemporary themes that can plausibly be claimed to reflect a Wicksellian orientation.

Suggested Citation

  • Richard E. Wagner, 2012. "Knut Wicksell and Contemporary Political Economy," The European Heritage in Economics and the Social Sciences, in: Jürgen Georg Backhaus (ed.), Handbook of the History of Economic Thought, chapter 0, pages 513-525, Springer.
    • Handle: RePEc:spr:euhchp:978-1-4419-8336-7_20
    DOI: 10.1007/978-1-4419-8336-7_20
    as

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