Publisher's Synopsis
Capital and Interest: A Critical History of Economical Theory is a book written by Eugen V. Bohm-Bawerk, an Austrian economist, in which he provides a comprehensive analysis of the theories of capital and interest rates in economic thought. The book is divided into three parts, each of which focuses on a particular aspect of the subject.In the first part, Bohm-Bawerk examines the classical theories of capital and interest rates, including those of Adam Smith, David Ricardo, and John Stuart Mill. He analyzes their arguments for the role of capital in production and the determination of interest rates, and provides a critique of their shortcomings.The second part of the book is devoted to the theories of capital and interest rates developed by the Austrian School of Economics, of which Bohm-Bawerk was a prominent member. He discusses the contributions of Carl Menger, Friedrich von Wieser, and himself, and provides a detailed analysis of the time preference theory of interest rates.In the final part of the book, Bohm-Bawerk examines the theories of capital and interest rates developed by the marginalist school of economics, including those of William Stanley Jevons, Leon Walras, and Alfred Marshall. He critiques their arguments and highlights the differences between their theories and those of the Austrian School.Overall, Capital and Interest: A Critical History of Economical Theory is a seminal work in the field of economic thought, providing a thorough analysis of the development of theories of capital and interest rates. It is essential reading for anyone interested in the history of economic thought and the foundations of modern economics.This Is A New Release Of The Original 1922 Edition.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.
