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The Credit Economy: Wicksell

John Hicks

in A Market Theory of Money

Published in print:
1989
Published Online:
November 2003
ISBN:
9780198287247
eISBN:
9780191596407
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198287240.003.0013
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter begins with a discussion of two pure models of a credit economy — the monocentric and polycentric models — each of which has its uses. It then analyzes the simplest example of a ... More


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