Capital and Interest

The great economist and finance minister of the Austro-Hungarian Empire is a pillar of the Austrian School. As a champion of the new marginalist school, this great work brought him more fame than even Carl Menger had in his day. Here is the original English translation by Scottish economist William Smart, the one that had […]

The Positive Theory of Capital

This is the second book in the series of Boehm-Bawerk translations by Scottish economist William Smart, originally published in 1891. It is, as the title suggests, the positive theory of capital.It begins with full front matter by Smart himself, and then we come to book one: The Nature and Conception of Capital. Six sections follow: […]

A Biography of Eugen von Bohm-Bawerk

Eugen von Böhm-Bawerk (Born February 12, 1851; Died 1914) was in the right place at the right time to contribute importantly to the development of Austrian economics. Studying at the University of Vienna, he was twenty years old when Carl Menger‘s Principles of Economics appeared in print in 1871. His formal university training was in law (and thus he was […]