Capital and Interest: A Critical History of Economical Theory - Couverture rigide

Bohm-Bawerk, Eugen V

Couverture rigide

ISBN 10 : 054821610X ISBN 13 : 9780548216101

Editeur : Kessinger Publishing, 2007

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.

A propos du livre

Présentation de l'éditeur

Excerpt from Capital and Interest: A Critical History of Economical Theory

The portion of total "profit" obtained by the private employer or undertaker, as such, is here eliminated; or, rather, it is made definite and measurable in being divided among the managing director, the ordinary directors, and the secretary, who are paid a fixed fee, salary, or, accurately and simply, a wage.

A careful consideration of the balance sheet of any such company will guard us against a common misunderstanding. Such a balance sheet will generally show two funds - a Depreciation Fund and an Insurance Fund. The former, sometimes called Sinking, Wear and Tear, Repairs, or Replacement of Capital Fund, secures that fixed capital, or its value, is replaced in the proportion in which it is worn out, and thus provides a guarantee that the value of the parent capital is not encroached upon, or inadvertently paid away in dividend. The latter, sometimes called Equalisation of Dividend Fund, is a provision for averaging the losses that are sure to occur over a series of years, and are really a portion of the current expenses. It is only after these funds are provided for that the dividend is paid over to the shareholders, and this accentuates two important facts: (1) that interest properly so called is something distinct from any portion of parent capital, and (2) that it is not accounted for by insurance against risks.

The question now is, Is such a dividend pure interest? Here we have to reckon with the familiar fact that limited companies, under similar conditions, pay the most various rates of dividend. If then we accept "dividend" as the equivalent of "interest" we shall have to conclude that varying rates of interest are obtainable on equal amounts of capital. On looking closer, however, we find the dividing line again reasserting itself. If a sound industrial company is known to be paying a dividend higher than a certain definite percentage on its capital, the va...

Présentation de l'éditeur

This book was originally published prior to 1923, and represents a reproduction of an important historical work, maintaining the same format as the original work. While some publishers have opted to apply OCR (optical character recognition) technology to the process, we believe this leads to sub-optimal results (frequent typographical errors, strange characters and confusing formatting) and does not adequately preserve the historical character of the original artifact. We believe this work is culturally important in its original archival form. While we strive to adequately clean and digitally enhance the original work, there are occasionally instances where imperfections such as blurred or missing pages, poor pictures or errant marks may have been introduced due to either the quality of the original work or the scanning process itself. Despite these occasional imperfections, we have brought it back into print as part of our ongoing global book preservation commitment, providing customers with access to the best possible historical reprints. We appreciate your understanding of these occasional imperfections, and sincerely hope you enjoy seeing the book in a format as close as possible to that intended by the original publisher.

Détails de l'édition

• Éditeur: Kessinger Publishing
• Date d'édition: 2007
• Langue: anglais
• ISBN 10: 054821610X
• ISBN 13: 9780548216101
• Reliure: Relié
• Nombre de pages: 476
• Coordonnées du fabricant: non disponible
• Personne responsable: KreGa Onlinehandel GmbH; 4950000000000; info@krega-onlinehandel.de; ; Birkenweg 31; Brakel; 33034; Allemagne