Description
Book SynopsisThe Austrian Theory of Value and Capital provides a meticulous account of Eugen von Bohm-Bawerk's life, his theory of value, capital and interest within the context of 19th century German economic thought and the development of neoclassical economic theory.
This book provides an insight into Bohm-Bawerk's intellectual development, his political leanings and personal background, including a wealth of previously unknown facts. The study also considers the development of economic thought in the 19th century in Germany and Austria. It critically analyses the work and contribution of Bohm-Bawerk and concludes that his analysis belongs to traditional 19th century German economic thought. Closely related to this is the clarification made by the author of what is genuinely 'Austrian' in the 'Austrian theory of value and distribution'. To complement the study of Bohm-Bawerk, the book also contains the first English translation of his letters to Knut Wicksell.
This book will be of interest to economic theorists, those interested in Austrian economics and the history of economic thought and economic historians.
Trade Review'It will be applauded as a great discovery illuminating the essence of the School and its founder, by European ('modern'/Bohm-Bawerkian) Austrians.'Table of ContentsContents: Preface Heinz D. Kurz Preface Klaus H. Hennings 1. Introduction and Abstract 2. The Life and Career of a Public Servant: Eugen Ritter Böhm von Bawerk (1851–1914) 3. Economic Theory in Germany and Austria, ca 1860–80 4. The Genesis of a Theory 5. The Theory of Value: Consumer Behaviour 6. The Theory of Value: Producer Behaviour 7. The Theory of Interest 8. The Theory of Capital 9. The Theory of Value, Capital and Interest 10. Conclusion Bibliography Appendix Index
