Capital and Interest (Large Print Edition): A Critical History of Economical Theory
| Author | : | |
| Rating | : | 4.41 (628 Votes) |
| Asin | : | 1479318175 |
| Format Type | : | paperback |
| Number of Pages | : | 538 Pages |
| Publish Date | : | 2014-04-22 |
| Language | : | English |
DESCRIPTION:
LARGE PRINT EDITION! More at LargePrintLiberty The great economist and finance minister of the Austro-Hungarian Empire is a pillar of the Austrian School. With depth and lucidity, Boehm-Bawerk surveys and critiques failed theories of interest from antiquity to modern times, presents a full theory of the structure of production, and defends the importance of capital in production and time in the determination of the interest rate. As a champion of the new marginalist school, this great work brought him more fame than even Carl Menger had in his day. This
"Does interest have a future?" according to shazam. Bohm-Bawerk was an economist from the Austrian School.While written in 1890,he covers economic theory from the 16th century to his present day.Thus this is more historical than mathematical.He considers a very deep question in economics.Interest.There are two types:1)contract interest,and 2)return on capitia