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THE TWO FACES OF NEO-WICKSELLIANISM DURING THE 1930s: THE AUSTRIAN AND THE SWEDES

The purpose of this paper is to describe the common substantive elements of the competing neo-Wicksellian models of the trade cycle that proliferated during the 1930s and to discuss how they led to radically different policy conclusions. As explored in detail in the paper, these radical differences arose because each model stressed some diverse aspects of the central theory initially developed by Knut Wicksell.

 

 
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