Reformulation of the
Concepts of
Capital and Income in
Economics and Accounting

1.

PART 2:
THE THEORY OF
INTEREST

The “Roundabout Process”
in the Interest Theory

1. THE NATURE OF THE INTEREST PROBLEM.

The Relations between Rent and Interest

PART I. NEGATIVE CRITICISM OF THE CONVENTIONAL RENT AND INTEREST CONCEPTS

1. Logical clearness and practical needs call for a reexamination and restatement of the economic concepts of rent and interest.

Review of Gustav Cassel, The Nature and Necessity of Interest, and Eugen von Böhm-Bawerk, Recent Literature on Interest

These two books, published almost simultaneously last year, testify to the attention which the theoretical problem of interest still commands. The first is a well-executed translation of the new material embodied in the second German edition (1900) of Böhm-Bawerk’s Geschichte und Kritik der Capitalzinstheorien. The translators well say in their preface:

Interest Theories, Old and New

Capitalization versus Productivity: Rejoinder

Interest Theory and Price Movements

PART I. HISTORICAL STAGES IN THE CONCEPTION OF THE INTEREST PROBLEM

PART 3:
THE THEORY OF RENT

The Passing of the Old Rent Concept