Wicksell’s Lectures on Political Economy

  • Lord Robbins


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.


Political Economy Time Discount Population Problem Outstanding Achievement Monetary Theory 
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  1. 1.
    See, e.g., Schumpeter, ‘Zur Einführung der folgenden Arbeit Knut Wicksell’s Archiv für Sozialwissenschaft’, Bd. 58 (1927) 238–57.Google Scholar
  2. 1.
    See Stigler, Production and Distribution Theories (New York, 1941) PP. 264–5, 373–80. [Note added in 1969. ]Google Scholar
  3. 2.
    See Hayek, Monetary Theory and the Trade Cycle (1933) chap. v, and Prices and Production, chap. i;Google Scholar
  4. 2.
    also G. Myrdal, ‘Der Gleichgewichtsbegriff als Instrument der geldtheoretischen Analyse’, in Beiträge zur Geldtheorie, ed. Hayek (Vienna, 1933 ).Google Scholar

Copyright information

© Lord Robbins 1970

Authors and Affiliations

  • Lord Robbins
    • 1
  1. 1.London School of EconomicsUK

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