Il processo cumulativo di Wicksell nella teoria e nella pratica. (Wicksell’s cumulative process in theory and practice)

Authors

  • D. PATINKIN

DOI:

https://doi.org/10.13133/2037-3651/12514

Keywords:

Knut Wicksell, monetary theory, quantity theory of money, fractional reserve banking system, Cagan

Abstract

Text of a lecture delivered at the university of UPSALA. The author discusses Knut Wicksell’s legacy, with specific reference to monetary theory. The author places Wicksell among the adherents of the quantity theory of money, although recognising that a fractional reserve banking system abides by different rules. The author rejects Cagan’s criticism of Wicksell and he considers empirical evidence in support of Wicksellian results.


JEL: B31, B13, E40


Downloads

Issue

Vol. 21 No. 84 (1968)

Section

Articoli

License

All material in this website and every article published by the review are licensed under a Creative Commons Attribution - Non commercial - No derivates 4.0 International license. Authors retain all rights on their works and grant the right to first publication to the review under the aforementioned license.