The Positive Theory of Capital

The Positive Theory of Capital
Author :
Publisher : Jazzybee Verlag
Total Pages : 476
Release :
ISBN-10 : UBBS:UBBS-00007698
ISBN-13 :
Rating : 4/5 ( Downloads)

Book Synopsis The Positive Theory of Capital by : Eugen von Böhm-Bawerk

Download or read book The Positive Theory of Capital written by Eugen von Böhm-Bawerk and published by Jazzybee Verlag. This book was released on 1891 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt: Von Boehm-Bawerk is one of the leading economists of the so-called Austrian school. With Karl Menger and others, he has contributed to the development of a theory of value which has received wide acceptance, and has been the cause of still wider discussion, in the economic world. This theory, as elaborated by Boehm von Bawerk, is based largely upon psychological principles. Its chief feature consists in a searching analysis of ‘subjective value.’ In his “Capital and Interest”, the author makes a brilliant and original study of these two subjects. “The Positive Theory of Capital” is the successor to the work mentioned above.


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The novel feature of this study is the application of Keynes' principle of effective demand to demonstrate the existence of a long-run unemployment equilibrium