X-Nico

unusual facts about Knut Wicksell


Athanasios Orphanides

Orphanides has argued against output-gap-based policy rules, such as the Taylor rule, and in favour of non-activist policy rules drawing on Milton Friedman and Knut Wicksell.


Cobb–Douglas production function

Paul Douglas explained that his first formulation of the Cobb–Douglas production function was developed in 1927; when seeking a functional form to relate estimates he had calculated for workers and capital, he spoke with mathematician and colleague Charles Cobb, who suggested a function of the form Y = AL^{\beta}K^{1- \beta}, previously used by Knut Wicksell.

Stockholms nation

Former curators (chairmen) of the nation include the mathematician Gösta Mittag-Leffler, the economist Knut Wicksell and the author Gösta Knutsson.

Value and Capital

The book synthesises dynamic-adjustment elements from Walras and Wicksell and from Marshall and Keynes.


see also