In Wicksell’s system the theory of capital in which the natural rate of interest on ‘real capital’ is determined, provides the foundation for his monetary analysis. Critically discuss this statement.

In Wicksell’s system the theory of capital in which the natural rate of interest on ‘real capital’ is determined, provides the foundation for his monetary analysis. Critically discuss this statement.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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