Publisher's Synopsis
Capital and Interest: A Critical History of Economical Theory by Eugen V. Bohm-Bawerk is a comprehensive analysis of the theories of capital and interest in economics. The book is divided into three parts, each of which explores a different aspect of the topic. The first part provides an overview of the theories of capital and interest, including the classical theories of Adam Smith and David Ricardo, and the marginalist theories of Jevons, Menger, and Walras.The second part of the book delves deeper into the theories of interest, examining the role of time preference and the relationship between capital and interest. Bohm-Bawerk argues that interest is a natural phenomenon that arises from the time preference of individuals, and that the rate of interest is determined by the supply and demand for capital.The third part of the book focuses on the practical implications of the theories of capital and interest, including the role of interest rates in economic growth, the effects of inflation on interest rates, and the relationship between interest rates and the business cycle.Overall, Capital and Interest: A Critical History of Economical Theory is a seminal work in the field of economics, providing a detailed and insightful analysis of the theories of capital and interest that have shaped economic thought over the centuries.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.
