Studies in the Theory of Money and Capital PDF
Preview Studies in the Theory of Money and Capital
ROUTLEDGE LIBRA RY EDITIONS: LAN D M ARKS IN THE HISTORY OF ECONOMIC THOUGHT Volume 4 STUDIES IN THE THEORY OF MONEY AND CAPITAL STUDIES IN THE THEORY OF MONEY AND CAPITAL ERIK LINDAHL R Routledge Taylor & Francis Group LONDON AND NEW YORK First published in 1939 by George Allen & Unwin Ltd This edition first published in 2017 by Routledge 2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN and by Routledge 711 Third Avenue, New York, NY 10017 Routledge is an imprint of the Taylor & Francis Group, an informa business © 1939 Erik Lindahl All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. Trademark notice: Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library ISBN: 978-1-138-21086-8 (Set) ISBN: 978-1-315-40933-7 (Set) (ebk) ISBN: 978-1-138-21556-6 (Volume 4) (hbk) ISBN: 978-1-138-21569-6 (Volume 4) (pbk) ISBN: 978-1-315-44360-7 (Volume 4) (ebk) Publisher’s Note The publisher has gone to great lengths to ensure the quality of this reprint but points out that some imperfections in the original copies may be apparent. Disclaimer The publisher has made every effort to trace copyright holders and would welcome correspondence from those they have been unable to trace. STUDIES IN THE THEORY OF MONEY AND CAPITAL by ERIK LINDAHL LONDON GEORGE ALLEN & UNWIN LTD MUSEUM STREET FIRST PUBLISHED IN 1939 SECOND IMPRESSION I 95O ALL RIGHTS RESERVED PRINTED IN GREAT BRITAIN BY BISHOP AND SONS LIMITED EDINBURGH PREFACE is the outcome of a desire expressed by some of This book my friends in England to have an English translation of some of my earlier works. While this idea was being carried out, the plan was slightly modified, since I wished to add a contribution from my later studies in the central field of economic theory. For this reason I have limited the selections from my earlier writings to two papers con- cerned with the same theme. The present volume therefore consists of three relatively independent parts, written at different times. Each part may be read by itself, but, since the three parts deal with related problems of economic theory seen from different angles, they may be considered as forming a connected whole. An inverse chronological order has been followed in the book.* Part One has not previously appeared in print. Part Two contains the more important sections of the work Penningpolitikens Medel (Methods of Monetary Policy), printed for private circulation in 1929 and published in Swedish in 1930. Part Three is a translation of a study en- titled “Prisbildningsproblemets upplaggning fran kapital- teoretisk synpunkt” (The Pricing Problem from the Point of View of Capital Theory) which appeared in the Ekonomisk Tidskrift in 1929. A compressed version of another paper printed in the Ekonomisk Tidskrift in 1935, dealing with a much-discussed problem of public finance, has been added as an Appendix. In the translations accuracy has been the principal aim. The main differences from the Swedish versions are the insertion of additional subheadings, and certain regroup- ings, compressions, and deletions, the purpose of which is * Except in the ease of the Appendix. 9
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