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Capital and Interest Volume II Positive Theory of Capital

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 entrepreneurs. All observations about the nature and appraisals of the value of capitalism hinge upon the explanation of this capital income. Capital and Interest is divided into three parts: The second volume, Positive Theory of Capital, contains much more than the title seems to indicate. It presents a comprehensive theory of the entire production process. In particular, it elaborates on the principles that govern the allocation of incomes, that is, the amounts of interest, wage, and profit. von Boehm-Bawerk offers a persuasive solution to all questions of income and theories of distribution.

Author: Eugen von Boehm-Bawerk

Binding: Hardcover

EAN: 9780910884105

Manufacturer: Libertarian Press

Number of items: 1

Number of pages: 475

Product group: Book

Studio: Libertarian Press

Publication Date: 2003

Publisher: Libertarian Press

Pages: 475

ISBN: 0910884102

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Eugen von Böhm-Bawerk
Eugen Böhm Ritter von Bawerk was the Austrian Minister of Finance intermittently from 1895 to 1904, and also wrote a series of extensive critiques of Marxism. “Value does not come out of the workshop, but out of the wants that goods satisfy” The quote by Mr Eugen von Böhm-Bawerk is as true today as it was more than 100 years ago. This blog is not an attempt to revive mr Böhm-Bawerks thoughts, life and deeds, but from a sober view of the world comment on and analyze ongoing events.