1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

The Ludwig von Mises Institute

Advancing Austrian Economics, Liberty, and Peace

Advancing the scholarship of liberty in the tradition of the Austrian School

Search Mises.org

Literature Library

The most complete online offering of the literature of the Austrian School and libertarian ideas, including books, journal articles, and other writings, sorted by author or any method you choose.

We recommend Adobe Reader for PDF files and Adobe Digital Editions for desktop reading of ePub (ebook) files.

An ePub reader is a free, downloadable program that allows you to read digital books on a computer or other electronic device. There are numerous options available, among them: iBook, Adobe Digital Editions, Calibre, and Firefox ePub Reader.

Has the Mises.org Literature section changed your life? We want to hear from you!

Author: 107: 7 records

Alternate Text

About Eugen von Böhm-Bawerk

1851 - 1914

Eugen von Böhm-Bawerk, Austrian economist at the University of Vienna, and Austrian finance minister, made the modern intertemporal theory of interest rates possible in his work Capital and Interest. His second book in this series of two, The Positive Theory of Capital, continued on to study the accumulation and influences of capital, proposing an average period of production. This work on capital stood in contrast to the contemporaneous work of John Bates Clark on the marginal productivity of capital, and set off a great debate in economics. Although marginal productivity theory proved more accurate, Böhm-Bawerk's highlighting the importance of thinking clearly about interest rates and their intertemporal nature permanently changed economic theory. In the process, he also helped highlight errors in the economic foundations of socialism, as proposed by Rodbertus and Marx. Böhm-Bawerk was influenced by Carl Menger; Ludwig von Mises and Joseph Schumpeter were Böhm-Bawerk's students.

Sort by Title