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Positive Theory of Capital
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Positive Theory of Capital

work by Böhm-Bawerk

Learn about this topic in these articles:

economic theory

  • capital and interest
    In capital and interest: The Austrian school

    His Positive Theory of Capital (1889) set off a controversy that has not yet subsided. In the Austrian view the economic process consisted of the embodiment of “original factors of production” in capital goods of greater or lesser length of life that then yielded value or…

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