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: […]