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