By Mats Lundahl
Knut Wicksell is arguably the best Swedish social scientist of all time, and poverty was once a topic that occupied him all his existence. certainly, it was once most likely Wicksell's curiosity in poverty that was once the severe consider drawing him clear of his merely mathematical heritage in the direction of a better realizing of the social sciences as a whole.
In this awesome quantity, Mats Lundahl, one of many world's prime improvement economists, examines Wicksell's pondering within the zone of poverty, and exhibits the significance of his contributions to this field.
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Additional info for Knut Wicksell on Poverty: "No place is too exalted for the preaching of these doctrines"
Knut Wicksell’s pessimistic views of technological progress and his insistence on the severity of diminishing returns led him to an inevitable conclusion: Sweden as well as the rest of Europe was overpopulated.
Despite his misgivings, it would not take much more than a year before Wicksell set out to tackle the subject that he had sketched in his letter. bookid=122977&filename=p... Page 23 3 The causes of population growth The French prize essay1 Knut Wicksell’s lecture at Hoppets Här had pointed unequivocally to population growth as the cause of poverty, but, excepting the references to Malthus, it had not dwelt in any detail on what made the population grow. Ten years after the speech, however, Wicksell, who by then was an advanced student of economics, had an occasion to produce a more scientific piece on the economics of population growth.
Sooner or later some point is therefore reached where all that the invention can do is to sustain a given population. It cannot serve to underpin any increase (Wicksell, 1999a:97). Wicksell firmly believed that this stage had already been reached (Overbeek, 1973:210): 1 of 1 …to argue that this stage has not yet been reached because new inventions are still to come shows a very unclear way of thinking. It can have been entirely exceeded at that particular time. A little boy receives a new pair of shoes every six months, every time receiving a size larger than before.
Knut Wicksell on Poverty: "No place is too exalted for the preaching of these doctrines" by Mats Lundahl