Background
Eugen Boehm von Bawerk was born at Brunn, Austrian Empire (now Brno, Czech Republic) on the 12th of February 1851.
(Bohm-Bawerk individual essays have been combined in Short...)
Bohm-Bawerk individual essays have been combined in Shorter Classics. This volume represents his expansion, examination, and improvement of his system. It includes the famous essay on "Karl Marx and the Close of his System," which undoubtedly is the best-known critique of Marx ever written, and four other sagacious essays: "The Austrian Economists" "Whether Legal Rights and Relationships are Economic Goods" "The Ultimate Standard of Value" "Control or Economic Law?" In the last essay, published posthumously, Bohm-Bawerk analyzed the crucial questions of government intervention: can political law, regulation or coercion of any kind negate or overwhelm "economic law?" What are the consequences of government intervention or labor union coercion on economic production and individual income? Can government controls or union restraints raise the incomes and improve the conditions of all working people? In the wide realm of economics there are no more important questions than these.
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(This book was originally published prior to 1923, and rep...)
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.
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(Eugen Ritter von Böhm-Bawerk (February 12, 1851 in Brno ...)
Eugen Ritter von Böhm-Bawerk (February 12, 1851 in Brno August 27, 1914 in Kramsach) was an Austrian economist who made important contributions to the development of the Austrian School of economics.
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(Boehm-Bawerk's magnum opus, one of the greatest achieveme...)
Boehm-Bawerk's magnum opus, one of the greatest achievements in the history of economic thought. In fact, it is a Magna Carta of the capitalistic production process. In an economic order based on production, income from capital investment provides the very basis of the system and a livelihood for a large middle class, as well as capitalists and entrepreneurs. All observations about the nature and appraisals of the value of capitalism hinge upon the explanation of this capital income. Capital and Interest is divided into three parts: The first volume History and Critique of Interest Theories, is a diligent and persuasive analysis of virtually all capital income theories. It is a critical history of interest doctrines that defend or oppose capital income. The second volume, Positive Theory of Capital, contains much more than the title seems to indicate. It presents a comprehensive theory of the entire production process. In particular, it elaborates on the principles that govern the allocation of incomes, that is, the amounts of interest, wage, and profit. Boehm-Bawerk offers a persuasive solution to all questions of income and theories of distribution. In Volume III, Further Essays on Capital and Interest, the publisher collected additional explanations and commentaries by the author. It comprises fourteen brilliant briefs explaining, elaborating, and defending the Positive Theory. It contains such great essays as "The Role of Disutility in the Value Theory" and "The Size of the Initial Fund that is Necessary for a Given Production Period."
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economist politician statesman
Eugen Boehm von Bawerk was born at Brunn, Austrian Empire (now Brno, Czech Republic) on the 12th of February 1851.
He was educated at the University of Vienna. After Vienna, he studied political economy and social science at the universities of Heidelberg, Leipzig and Jena.
Entering the Austrian department of finance in 1872, Bawerk held various posts until 1880, when he became qualified as a teacher of political economy in the university of Vienna. The following year, however, he transferred his services to the university of Innsbruck, where he became professor in 1884. In 1889 he became councillor in the ministry of finance, and represented the government in the Lower House on all questions of taxation. In 1895 and again in 1897-1898 he was minister of finance. In 1900 again became minister of finance.
One of the leaders of the Austrian school of economists, he has made notable criticisms on the theory of value in relation to cost as laid down by the “classical school. ” His more important works are Kapital and Kapitalzins (Innsbruck, 1884-1889), in two parts, translated by W. Smart, viz. Capital and Interest (part I, 1890), and The Positive Theory of Capital (part II, 1891); Karl Marx and the Close of his System (trans. A. M. Macdonald, 1898); Recent Literature on Interest (trans. W. A. Scott and S. Feilbogen, 1903).
Bawerk made important contributions to the development of the Austrian School of economics.
(Eugen Ritter von Böhm-Bawerk (February 12, 1851 in Brno ...)
(This book was originally published prior to 1923, and rep...)
(This is the second book in the series of Boehm-Bawerk tra...)
(Boehm-Bawerk's magnum opus, one of the greatest achieveme...)
(Bohm-Bawerk individual essays have been combined in Short...)
In 1899 he was made a member of the Upper House.
Carl Menger
