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LARGE PRINT EDITION More at LargePrintLiberty.com. It was this work
by Swedish economist Wicksell that drew the attention of Ludwig von
Mises 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 different from the
prevailing rate on the market. The natural rate is equal to the
return on capital in an imaginary economy without money. Mises took
that idea and made it a central component of his business cycle
theory. Wicksell was also an important critic of the Quantity
Theory of money.
This is a new release of the original 1937 edition.
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