Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
Nowadays, Austrian economists are most famous for their theory of the business cycle , as developed by Ludwig von Mises and Friedrich Hayek. However, they also made many contributions to the pure theory of capital and interest, most notably in the seminal work of Eugen von Böhm-Bawerk and later in that of Hayek . In the present article we’ll see