Support Mises

Knut Wicksell

Knut Wicksell, Swedish economist, was one of the founders of modern macroeconomics. His work focused on real and nominal interest rates, the marginal productivity of capital, and determinants of the price level. He elaborated on ideas from economists as broad-based as Jevons, Böhm-Bawerk, and Clark, and influenced economists from Irving Fisher to John Maynard Keynes to James Buchanan. [The image comes from “The Warren J. Samuels Portrait Collection at Duke University.”]

Publications

Lectures on Political Economy, Volume II: Money

01/02/1935 Knut Wicksell

Knut Wicksell was a Swedish economist who had an enormous influence on Austrian economics and Ludwig von Mises. This might be his most compelling book: lectures delivered over the course of an entire career, covering both general and specific

Lectures on Political Economy, Volume I: General Theory

01/01/1934 Knut Wicksell

Interest and Prices

06/15/1898 Knut Wicksell

It was this work by Swedish economist Wicksell that drew Mises’s attention to the effects of interest rate manipulation on the capital structure. This was the first to present the idea of the natural rate of interest, which Wicksell argued can be

View all Knut Wicksell publications

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member