Date of Award
Doctor of Philosophy (PhD)
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.
Minabe, Shigeo, "A COMPARATIVE ANALYSIS OF KEYNESIAN AND SWEDISH THEORY OF ECONOMIC FLUCTUATIONS" (1971). Graduate Dissertations and Theses. 112.