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Capital And Interest (...
Capital And Interest (3 Volume Set): 1. History And Critique Of Interest Theories; 2. Positive Theory Of Capital; 3. Further Essays On Capital Interest
Capital and Interest is von Boehm-Bawerk's magnum opus, one of the greatest achievements in the history of economic thought.In fact, it is a Magna Carta of the capitalistic production process. In an economic order based on production, income from capital investment provides the very basis of the system and a livelihood for a large middle-class, as well as capitalists and ...more
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Bawerk shows exceptional sarcasm and limited patience combined with barely veiled contempt for contemporaries with little understanding of how capital and interest function. Excellent read with in depth history and theories of Capital and Interest along with detailed explanation and analysis of his own belief followed with reanalysis in order to correct contemporary rebuttals.