Books by Carl G. Uhr
Found 2 books
1. David Davidson and Knut Wicksell debated the natural rate of interest concept very early in the twentieth century, in Swedish I might add (see Carl Uhr’s books on Davidson and Wicksell ). Most people believe Davidson won those debates and even Wicksell seemed to concede. Whether a given rate of interest both maintains full employment and stable inflation depends on the rate of productivity growth, for one thing. It can be that no single rate of interest can perform both functions.
1. David Davidson and Knut Wicksell debated the natural rate of interest concept very early in the twentieth century, in Swedish I might add (see Carl Uhr’s books on Davidson and Wicksell ). Most people believe Davidson won those debates and even Wicksell seemed to concede. Whether a given rate of interest both maintains full employment and stable inflation depends on the rate of productivity growth, for one thing. It can be that no single rate of interest can perform both functions.