The article discusses the views of economist Eli F. Heckscher on the gold standard for currency in relation to his opposition to economist Knut Wicksell's ideas on price stabilization and a fiat standard. Topics include the impact of Sweden's economy during and after World War I on Heckscher's thought, the views of economist Irving Fisher on managed money, and Heckscher's advocacy of a return to the prewar gold parity in Sweden. It is said that Heckscher believed that central banks needed the gold standard to hold them to a price stability regime.
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