by Eugen von Böhm Bawerk
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| The Positive Theory of Capital: Book 3: Value Chapter 6: What Determines Marginal Utility Eugen von Bohm-Bawerk (1851 - 1914) was an Austrian Economist, who was influenced by Carl Menger, and served as the Austrian Minister of Finance between 1895 and 1904. In the book The Positive Theory of Capital Eugen brings up six sections: Capital as an Instrument of Production, Value, Price, Present and Future, The Source of Interest, and The Rate of Interest. Want to own a copy? https://store.mises.org/Positive-Theory-of-Capital-The-P447.aspx https://www.amazon.ca/Positive-Theory-Capital-Eugen-Boehm-Bawerk/dp/1976087716/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1595212818&sr=8-1 Or read it for free here: https://www.econlib.org/library/BohmBawerk/bbPTC.html?chapter_num=5#book-reader If you enjoyed this, don't forget to like and subscribe! What should I read next? Let me know in the comments! |
“Value does not come out of the workshop, but out of the wants that goods satisfy”
The quote by Mr Eugen von Böhm-Bawerk is as true today as it was more than 100 years ago, even though modern pundits often ignore the simple fact. This blog is not an attempt to revive Mr Böhm-Bawerks thoughts, life and deeds, but from a sober view of the world comment on and analyze ongoing events.
We aim to take the analysis a step further.
We question accepted truths and always strive to answer the simple question “why?”
We are opinionated.
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