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Cumulative process

Cumulative process is a contribution to the economic theory of interest, proposed in Knut Wicksell's 1898 work, Interest and Prices. Wicksell made a key distinction between the natural rate of interest and the money rate of interest. The money rate of interest, to Wicksell, is the interest rate seen in the capital market; the natural rate of interest is…

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Cumulative process

Nodes18
Edges17
Triples1
Avg. degree1.89
Density0.111111
Components1

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Cumulative process

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Cumulative process → contribution to the economic theory of interest

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money interest rate real wicksell supply natural demand prices capital theory wicksell's market inflation knut process goods increase leads price

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Cumulative processis acontribution to the economic theory of interest0.90text

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