Leading Swedish Economist

London: Routledge, 1949 — Volume One; 1946 — Volume Two. Original green cloth boards; xxiii, [1], 299; vi, 237 pp. Volume One is the Fifth Impression; Volume Two is the Second Impression. Francis M. Bator’s personal copy with his name and ​“Cambridge 1950” in fountain pen on the flyleaf of both volumes. Volume One with approximately 50+ non-consecutive pages of underlining and marginalia. No commentary by Bator in Volume Two. Very good. Johan Gustaf Knut Wicksell (1851–1926) was a leading Swedish economist of the Stockholm school. His economic contributions influenced both the Keynesian and Austrian schools of economic thought. As a student he attended lectures by Carl Menger in Vienna. He is best known for his work on interest rates and the theory that an interest rate that coincides with the natural rate ensures equilibrium in the commodity market and produces price level stability. These books are his classic overview of economics covering a general theory of value, production and distribution, interest rates, exchange value of money, and velocity of money. Francis M. Bator’s numerous underlining and marginalia help us understand the development of his thoughts as applied to this classic work. This is an important work of classical economics not frequently found in English. Price for set.