Time Preference

format_quote Quotes

"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

menu_book Capital and Interest

schedule Time Preference savings Capital percent Interest Rates menu_book Austrian Economics analytics Economics

View Full Quote

auto_stories Books

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 (...

menu_book Austrian Economics savings Capital percent Interest Rates schedule Time Preference analytics Economics diamond Subjective Value

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 ...

analytics Economics menu_book Austrian Economics auto_stories Austrian School currency_exchange Monetary Theory savings Capital monetization_on Sound Money savings Savings schedule Time Preference percent Interest Rates

person Authors

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...

menu_book Austrian Economics savings Capital percent Interest Rates schedule Time Preference analytics Economics account_balance Socialism

View Profile

psychology Concepts

route

Roundabout Production

The Austrian insight that production becomes more physically productive the more it is broken into indirect, capital-using stages spread out over t...

menu_book Austrian Economics savings Capital schedule Time Preference menu_book Economic Theory timeline Productivity

Learn More