ABSTRACT
Johan Gustaf Knut Wicksell 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. In 1900 he was appointed Assistant Professor of Political Economy at Lund. Any enumeration of Wicksell's more outstanding contributions to the detail of economic science must commence, if it is to do justice to his own wishes, with his contributions to the theory of population. In the theory of production, Wicksell displays much greater originality. His statement of the marginal productivity theory is one of the most satisfactory available. The best known of Wicksell's contributions — his celebrated theory concerning the relations between money and natural rates of interest and movements in the general level of prices. This is probably Wicksell's most original contribution.
