Publication details

Wicksell on Money

Authors

MENŠÍK Josef

Year of publication 2007
MU Faculty or unit

Faculty of Economics and Administration

Citation
Description Nature of money was understood clearly by Wicksell. It is important as a background for any monetary debate (e.g. regulation of monetary systems, efficiency of banking, monetary policy \dots) and is unfortunately still not well recognized. Framework of Wicksell's monetary theory: starting from elastic monetary system much more appropriate than alternative point of departure: payment system with fluently circulating "money". Even today can Wicksell offers to a student of monetary questions a lot of insights which are hard to find elsewhere in contemporary literature.

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