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The human tendency to value present goods over future goods of the same kind

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"Present goods are, as a rule, worth more than future goods of like kind and number. This proposition is the kernel and center of the interest theory."

— von Böhm-Bawerk, Eugen event 1884

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Capital and Interest

person von Böhm-Bawerk, Eugen event 1884

Böhm-Bawerk's monumental three-volume work establishing the Austrian theory of capital and interest. He demolishes all prior theories of interest (...

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Money, Bank Credit, and Economic Cycles

person Huerta de Soto, Jesús event 1998

The most systematic modern statement of the Austrian theory of the business cycle, demonstrating through history, legal theory, and economics that ...

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von Böhm-Bawerk, Eugen

event 1851 - 1914

Austrian economist and one of the principal founders of the Austrian School, whose capital theory and devastating critique of Marx shaped modern ec...

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