An economist who led this city's namesake school devised the idea of the "cumulative process" and the "loanable funds theory" in his book Interest and Prices, distinguishing between "neutral interest rate" and the market interest rate.
An economist who led this city's namesake school devised the idea of the "cumulative process" and the "loanable funds theory" in his book Interest and Prices, distinguishing between "neutral interest rate" and the market interest rate. The name for this school of economics distinguished between "ex ante" and "ex post" bookkeeping in proposing an alternative "general theory" to Keynes based on "dynamic theory". Paul Samuelson used a model first developed by this school to prove a result holding that capital or wages will become the same across countries, the factor price equalization theorem. A man from this school created the idea of "purchasing power parity" in a memorandum for the League of Nations. The author who wrote Asian Drama was a member of, for 10 points, what school of thought, which included two thinkers that developed the Hecksher-Ohlin trade model?
An economist who led this city's namesake school devised the idea of the "cumulative process" and the "loanable funds theory" in his book Interest and Prices, distinguishing between "neutral interest rate" and the market interest rate.
Stockholm School of Economics