Capital and Interest Theory

In a few short hours, I was assaulted ten times with the demand that I display social consciousness.

Investment and lending abroad are only possible if the receiving nations are unconditionally and sincerely committed to the principle of private property and do not plan to expropriate the foreign capitalists at a later date.

Economics is about human choice and action. The praxeological concept of time is not the concept of physics or biology.

With an inflationary or deflationary policy, a government does not promote the public welfare, the commonweal, or the interests of the whole nation

Salmasius pointed out that moneylending was a business like any other, and thereby entitled to charge a market price.

As Böhm-Bawerk declared, Salmasius's views on usury were the high-water mark of interest theory, to remain so for over 100 years.

Presented by Rothbard at New York Polytechnic University in 1972.

Presented by Rothbard at New York Polytechnic University in 1972.

John Calvin’s main contribution to the usury question was in having the courage to dump the prohibition altogether.

The time market determines the pure rate of interest. Price per unit of time may be wages or rent. The interest income will be earned by the capitalist who has assumed the task of advancing present money.