By Eugen von Böhm-Bawerk, William Smart

Translated with a preface and research through William clever

Show description

Read Online or Download Capital and Interest: A Critical History of Economical Theory PDF

Best economic conditions books

Enterprise Size, Financing Patterns And Credit Constraints In Brazil: Analysis Of Data From The Investment Climate Assessment Survey

Firm measurement, Financing styles, and credits Constraints in Brazil investigates the significance of establishment measurement with admire to getting access to credits. The critical findings are that dimension strongly impacts entry to credits in comparison to enterprise functionality, and different components, comparable to administration schooling, position or the commercial quarter to which the enterprise belongs.

Governing global land deals : the role of the state in the rush for land

This choice of essays in Governing international Land Deals provides new empirical and theoretical analyses of the relationships among worldwide land grabs and strategies of presidency and governance. Reframes debates on worldwide land grabs by way of targeting the connection among large-scale land bargains and tactics of governance deals new theoretical insights into the several varieties and results of world land acquisitions Illuminates either the micro-processes of transaction and expropriation, in addition to the wider structural forces at play in international land bargains Provides new empirical info at the diversified actors serious about modern land bargains happening around the globe and specializes in the categorical institutional, political, and financial contexts within which they're appearing

Trade, Stability, and Macroeconomics. Essays in Honor of Lloyd A. Metzler

Alternate, balance, and Macroeconomics: Essays in Honor of Lloyd A. Metzler presents info pertinent to the elemental features of exchange, balance, and macroeconomics. This e-book covers numerous subject matters, together with nontraded and intermediate commodities, costs, creation, alternate charges, and wages.

Economic Integration: Limits and Prospects

This booklet is meant to supply a uncomplicated knowing of present matters and difficulties of monetary integration. deciding upon fiscal integration as one of many major gains of recent overseas economics, the authors study many points and results of monetary integration which stay imprecise and unexplored.

Extra resources for Capital and Interest: A Critical History of Economical Theory

Sample text

1 Whence and why does the capitalist, without personally exerting himself, obtain this endless flow of wealth? These words contain the theoretical problem of interest. When the actual facts of the relation between interest and capital, with all its essential characteristics, are described and fully explained, that problem will be solved. 13ut the explanation must be complete both in compass and in depth. In compass, inasmuch as all forms and varieties of interest must be explained. In depth, inasmuch as the explanation must be carried without a break to the very limits of economical research: in other words, to those final, simple, and acknowledged facts with which economical explanation ends; those facts which economics rests on, but does not profess to prove ; facts the explanation of which falls to the related sciences, particularly to psychology and natural science.

223 Inferences from this concertion. Every economic " good " must be capable of rendering material services, and ceases to be a good on the exhaustion of this capability 224 But the number of services which a good may render varies. Perishable goods exhaust themselves at a single use ; durable 225 goods only by successive acts or continuous service . -HER:'rIANN CONCEPTION The Use of capital, according to this conception, is not identical with what we call Material Services. Its use is the basis of net interest ; ours of gross interest (in the case of durable goods) or the basis of the entire capital value (in the case of perishable goods) .

When the actual facts of the relation between interest and capital, with all its essential characteristics, are described and fully explained, that problem will be solved. 13ut the explanation must be complete both in compass and in depth. In compass, inasmuch as all forms and varieties of interest must be explained. In depth, inasmuch as the explanation must be carried without a break to the very limits of economical research: in other words, to those final, simple, and acknowledged facts with which economical explanation ends; those facts which economics rests on, but does not profess to prove ; facts the explanation of which falls to the related sciences, particularly to psychology and natural science.

Download PDF sample

Rated 4.75 of 5 – based on 20 votes