Librería Samer Atenea
Kálamo Books
Librería Elías (Asturias)
Librería Kolima (Madrid)
Librería Proteo (Málaga)
'The Theory of Capital' by Eugen V. Böhm-Bawerk stands as a cornerstone of the Austrian School of Economics, offering a rigorous and systematic analysis of the nature and function of capital in a modern economy. This influential work explores the intricate relationships between production, time, and value, introducing the critical concept of the 'roundabout' method of production. Böhm-Bawerk meticulously defines capital not merely as a set of physical goods, but as a vital instrument that increases productivity through time-intensive processes.Central to the text is the author’s groundbreaking explanation of interest, rooted in the principle of time preference. He argues that individuals naturally value present goods more highly than future goods, a psychological and economic reality that forms the basis for interest rates. By dissecting the exchange between current and future resources, Böhm-Bawerk provides a logical framework for understanding how capital accumulates and how it is deployed within a market system. This work remains essential reading for students and scholars of economic history, providing deep insights into the mechanisms of investment and the fundamental logic of capitalist production.This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you may see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work.This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
