Capital and Interest (3 Volumes in 1)
| Author | : | |
| Rating | : | 4.82 (794 Votes) |
| Asin | : | 0910884080 |
| Format Type | : | paperback |
| Number of Pages | : | 1202 Pages |
| Publish Date | : | 0000-00-00 |
| Language | : | English |
DESCRIPTION:
In fact, it is a Magna Carta of the capitalistic production process. It presents a comprehensive theory of the entire production process. Capital and Interest is divided into three parts: The first volume History and Critique of Interest Theories, is a diligent and persuasive analysis of virtually all capital income theories. The second volume, Positive Theory of Capital, contains much more than the title seems to indicate. It is a critical history of interest doctrines that defend or oppose capital income. In particular, it elaborates on the principles that govern the allocation of incomes, that is, the amounts of interest, wage, and profit. In an economic order based on production, income from capital investment provides the very basis of the system and a livelihood for a large middle class, as well as capitalists and entrepreneurs. It comprises fourteen brilliant briefs explaining, elaborating, and defending the Positive Theory. Boehm-Bawerk offers a persuasive solution to all questions of income and theories of distribution. Boehm-Bawerk's magnum opus, one of the greatest achievements in the history of economic thought. In Volume III, Further Essays on Capital and Interest, the publisher collected additional explanations and commentaries by the author. All observations about the nature and appraisals of