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Wicksell versus Brisman: A Dispute on Capital between Generations

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  • Sandelin, Bo

    (Department of Economics, School of Economics and Commercial Law, Göteborg University)

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    Abstract

    After Wicksell in 1911 had published the second Swedish edition of his Lectures on Political Economy, a debate began in the Ekonomisk Tidskrift between Wicksell and his opponent Sven Brisman. The controversy was mainly about the concept of capital and the rate of interest, but the circumstances around the debate are at least as interesting as the theoretical issues. Wicksell was since long an internationally famous professor, his opponent a young and impetuous docent. Wicksell was a theorist, Brisman was an empiricist. Those facts determined the character of the debate, in which an echo of the conflict between Wicksell and Cassel is also present. On the theoretical level Wicksell now got another opportunity to clarify his concept of capital as saved-up labour and land, while his view on the casual relationship in the theory of interest is not so clear, taking into account his earlier writings.

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    File URL: http://hdl.handle.net/2077/2669
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    Bibliographic Info

    Paper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 108.

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    Length: 15 pages
    Date of creation: 09 Oct 2003
    Date of revision:
    Publication status: Published in Scandinavian Economic History Review, 2003, pages 45-56.
    Handle: RePEc:hhs:gunwpe:0108

    Contact details of provider:
    Postal: Department of Economics, School of Business, Economics and Law, University of Gothenburg, Box 640, SE 405 30 GÖTEBORG, Sweden
    Phone: 031-773 10 00
    Web page: http://www.handels.gu.se/econ/
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    Keywords: capital theory; interest; Wicksell; Brisman; Cassel;

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