Studies in the Theory of Money and Capital

It is well-known that the Swedish experiment in practical economic control was inspired by a simultaneous development of economic thought in Sweden. Despite Swedish economics being known globally, until this book was originally published in 1939 there was little except second-hand descriptions of what the Swedes were really saying. This volume remedied that and explained hitherto hidden contemporary Swedish monetary theory.

Part 1: The Dynamic Approach to Economic Theory 1. Introduction to the Study of Dynamic Theory 2. Algebraic Discussion of the Relations Between Some Fundamental Concepts Part 2: The Rate of Interest and the Price Level (1930) 1. Introduction 2. The Cumulative Process Caused by Lowering or Raising the Level of Interest Rates 3. The Significance of Interest Rate Differentiation 4. The Rate of Interest As An Instrument For the Maintenance of An Unchanged Price Level 5. The Rate of Interest As An Instrument for Regulating The Price Level in Inverse proportion to Productivity 6. Wicksell's Concept of a 'Normal Rate of Interest' Part 3: The Place of Capital in the Theory of Price (1929) 1. The Traditional Setting of the Pricing Problem 2. Perfect Foresight and Stationary Conditions 3. Perfect Foresight and Dynamic Conditions 4. Imperfect Foresight. Appendix: The Problem of Balancing the Budget (1935)