First published 1934
Value, Capital, and Rent
Value, Capital, and Rent by Knut Wicksell is available as a free PDF and EPUB download at freecapitalists.org.
- Knut Wicksell
- First published
- 1934
- Format
- PDF and EPUB
- Pages
- 184
- ISBN
- 9781610160612
- Publisher
- London: George Allen, 1934. NY: Augustus Kelley
- License
- Believed to be in the public domain: this work was published in the 1932-1963 window when US copyright had to be renewed after 28 years, and no renewal was found in the Catalog of Copyright Entries. Not independently confirmed.
Knut Wicksell was an important thinker of the second-generation marginalist school, and here is his detailed commentary on and elaboration of the capital theory of Eugen von Böhm-Bawerk. It was first published in 1893, but did not appear in English until 1954. But its appearance filled a gap in the history of economic ideas. He further defends the relationship between the natural rate of interest and the return on capital. He sides strongly with the Mengerian school of marginalists against the Jevons and Walrasian branch. This book is essential for any student of Austrian capital theory. His rigor and attention to detail is impressive by any standard. This softcover book is 184 pages with index, and a foreword by G.L.S. Shackle (who mistakenly suggests that Wicksell was a proto-Keynesian).
Questions
About this book and this copy
- Is Value, Capital, and Rent free to download?
- Yes. The complete 184-page PDF and EPUB downloads directly from this page (8.5 MB). There is no signup, no account and no paywall.
- How long is Value, Capital, and Rent?
- 184 pages, 20 chapters, and about 64,404 words in the edition this archive serves.
- Is Value, Capital, and Rent in the public domain?
- Believed so. US works published between 1932 and 1963 kept copyright past 28 years only if someone filed a renewal, and no renewal for this work was found in the Catalog of Copyright Entries. That is a search result rather than a legal opinion: a renewal filed under a shortened title or a different claimant would not have been found. Some copies carry a rights notice, which records the original claim and does not extend a term that lapsed.
- Who wrote Value, Capital, and Rent?
- Knut Wicksell (1851–1926) was a Swedish economist and 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. This archive holds 4 of Wicksell's works.
What's in it
20 chapters · 64,404 words · free to read here
- Foreword
- Translator’s Note
- Preface
- Introduction 1—The present-day position of theoretical political economy
- 1. The Concept of Value according to Jevons, Walras and the Austrian School
- 2. Different Uses of the Same Kind of Commodity
- 3. Exchange at Given Prices
- 4. Isolated Exchange
- 5. Exchange in the Open Market
- 6. Exchange of Several Goods. Indirect Exchange
- 7. Supply and Demand
- 8. The Law of Costs. Walras’s Theory of Production
- 1. The Concept of Capital
- 2. Böhm-Bawerk’s Theory of Interest and the Earlier Theories
- 3. The Period of Production. Capital-Goods and ‘Rent-Goods’
- 4—Capital-interest and wages in the stationary economy A. Mathematical presentation
- 5. Completion of Böhm-Bawerk’s Theory. Capital-Interest, Wage and Rent in their Relationship to each other
- 6. Attempt at a Definite Theory of the Value of Goods. Criticism of Walras’ Presentation
- Bibliography
- Index
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