Wicksell

Classics in the Theory of Public Finance, Palgrave Macmillan, an essay from Wicksell (1896), Finanzthcoretische Untersuchungen, Jena: Gustav Fischer.

Over a century ago, Swedish economist Knut Wicksell (1896) first discussed how public goods can be under-provided by the market because people might conceal their preferences for the good, but still enjoy the benefits without paying for them.

Photographs of Knight and Wicksell hung from his office walls ever after.

Thornton's process of monetary expansion anticipated the theories of Knut Wicksell regarding the "cumulative process which restates the Quantity Theory in a theoretically coherent form".