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Exonerating Wicksell:
Author(s) -
Humphrey Thomas M.
Publication year - 1999
Publication title -
american journal of economics and sociology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.199
H-Index - 38
eISSN - 1536-7150
pISSN - 0002-9246
DOI - 10.1111/j.1536-7150.1999.tb03297.x
Subject(s) - economics , mathematical economics , process (computing) , neoclassical economics , econometrics , keynesian economics , computer science , operating system
A bstract James Ahiakpor correctly identifies classical writers as the true originators of the cumulative process analysis usually attributed to Knut Wicksell. Ahiakpor fails, however, to dislodge Wicksell from his place in the pantheon of monetary theorists. Wicksell contributed at least five innovations that advanced the cumulative process model far beyond its classical prototype.