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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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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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