Research Papers in Economics, Department of Economics, Stockholm University
Analytical Foundations of Erik Lindahl's Monetary Analysis, 1924-30
Abstract: An overview is first given of Erik Lindahl's works during
the 1920s: Aims of Monetary Policy, "The Place of Capital in the Theory of
Price", "On the Relationship between the Quantity of Money and the Price
Level" and Means of Monetary Policy. After that the origin of ideas and
Lindahl's analytical contributions to monetary analysis during the 1920s is
discussed from the following perspectives: the formualtion of a norm for
monetary policy, type of equilibrium analysis, fundamental equations and
microeconomic foundations, capital theory and intertemporal analysis,
assumptions about the monetary system, the stability problem and the
uniqueness of the price level.
Keywords: Economic history; Monetary Theory; Wicksell; Lindahl; (follow links to similar papers)
JEL-Codes: B22; E40; (follow links to similar papers)
41 pages, December 15, 2000
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