Wicksell versus Brisman: A Dispute on Capital between Generations
AbstractAfter 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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Bibliographic InfoPaper provided by University of Gothenburg, Department of Economics in its series Working Papers in Economics with number 108.
Length: 15 pages
Date of creation: 09 Oct 2003
Date of revision:
Publication status: Published in Scandinavian Economic History Review, 2003, pages 45-56.
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/
More information through EDIRC
capital theory; interest; Wicksell; Brisman; Cassel;
Find related papers by JEL classification:
- B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
- B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
- D90 - Microeconomics - - Intertemporal Choice - - - General
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
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