Document Type
Thesis
Date of Award
8-1971
Degree Name
Doctor of Philosophy (PhD)
Department
Economics
Abstract
The purpose of this study is to examine critically both Keynesian and Swedish theories of economic fluctuations. It is a well known fact that in Sweden K. Wicksell was very skeptical about Say's law. With his skepticism, Wicksell occupied a position close to Keynes' General Theory. However, Wicksell could not present a convincing theory of the existence of general unemployment, because he did not observe the downward rigidity of wages or the Keynesian liquidity trap.
Recommended Citation
Minabe, Shigeo, "A comparative analysis of Keynesian and Swedish theory of economic fluctuations" (1971). Graduate Dissertations and Theses. 112.
https://orb.binghamton.edu/dissertation_and_theses/112
