The Positive Theory of Capital - Couverture souple

Bohm-Bawerk, Eugen V

Couverture souple

ISBN 10 : 1602060398 ISBN 13 : 9781602060395

Editeur : Cosimo Classics, 2006

Synopsis

What is capital? Even economists don't seem to agree on a definition. Here, in this classic primer on the subject, German economist EUGEN V. BOHM-BAWERK (1851-1914) discusses: . the nature of capital . historical development of the concept . competing ideas about capital . the function of capital in production . two conceptions of value . price and the law of supply and demand . loans and interest . and much more. First published in Germany in 1888 and in English in 1891, this intriguing work offers yet another valuable perspective on one of the most basic and yet most debated subjects in economics.

A propos du livre

Présentation de l'éditeur

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This is the second book in the series of Bohm-Bawerk translations by Scottish economist William Smart, originally published in 1891. It is, as the title suggests, the positive theory of capital.

It begins with full front matter by Smart himself, and then we come to book one: The Nature and Conception of Capital. Six sections follow: Capital as an Instrument of Production, Value, Price, Present and Future, The Source of Interest, The Rate of Interest, and finally a rich and detailed index.

It follows the author's legendary method of systematically thinking and clear exposition to present what is called today the time-preference theory of interest, that is to say, that the passage of time and the preference for the present over the future are the necessary and sufficient conditions for the emergence of interest. Capital is the corrolary to that notion: all production takes place over time.

Présentation de l'éditeur

Von Boehm-Bawerk is one of the leading economists of the so-called Austrian school. With Karl Menger and others, he has contributed to the development of a theory of value which has received wide acceptance, and has been the cause of still wider discussion, in the economic world. This theory, as elaborated by Boehm von Bawerk, is based largely upon psychological principles. Its chief feature consists in a searching analysis of ‘subjective value.’ In his “Capital and Interest”, the author makes a brilliant and original study of these two subjects. “The Positive Theory of Capital” is the successor to the work mentioned above.

Détails de l'édition

• Éditeur: Cosimo Classics
• Date d'édition: 2006
• Langue: anglais
• ISBN 10: 1602060398
• ISBN 13: 9781602060395
• Reliure: Broché
• Nombre de pages: 452
• Coordonnées du fabricant: non disponible
• Personne responsable: GPSR Kontakt; gpsr@libri.de; ; Europaallee 1; Bad Hersfeld; 36244; Allemagne