Capital and Interest (3 volume set): 1. History and Critique of Interest Theories; 2. Positive Theory of Capital; 3. Further Essays on Capital Interest [Box set] [Hardcover]

Eugen von Boehm-Bawerk (Author), George D. Huncke (Translator), Hans F. Sennholz (Translator)

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Amazon.com Review

Capital and Interest is von Boehm-Bawerk's magnum opus, one of the greatest achievements in the history of economic thought.In fact, it is a Magna Carta of the capitalistic production process. In an economic order based on production, income from capital investment provides the very basis of the system and a livelihood for a large middle-class, as well as capitalists and entrepreneurs. All observations about the nature and appraisals of the value of capitalism hinge upon the explanation of this capital income. Capital and Interest is divided into three parts:

The first volume, History and Critque of Interest Theories, is a diligent and persuasive analysis of virtually all capital income theories. It is a critical history of interest doctrines that defend or oppose capital income.

The second volume, Positive Theory of Capital, contains much more than the title seems to indicate. It presents a comprehensive theory of the entire production process. In particular, it elaborates on the principles that govern the allocation of incomes, that is, the amounts of interest, wage, and profit. von Boehm-Bawerk offers a persuasive solution to all questions of income and theories of distribution.

In Volume III, Further Essays on Capital and Interest, the publisher collected additional explanations and commentaries by the author. It comprises fourteen brilliant briefs explaining, elaborating, and defending the Positive Theory. It contains such great essays as "The Role of disutility in the Value Theory" "The Size of the Initial Fund That is Necessary for a Given Production Period." Capital and Interest is available in a three-volume set, or a three-in-one volume edition. In either form, it is a handsome, necessary addition to the complete Free Market library.

Product Details

• Hardcover: 1202 pages
• Publisher: Libertarian Pr (June 1959)
• Language: English
• ISBN-10: 0910884072
• ISBN-13: 978-0910884075
• Product Dimensions: 9.9 x 6.6 x 4.1 inches
• Shipping Weight: 5.8 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #2,376,641 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

13 of 13 people found the following review helpful:

5.0 out of 5 stars The most complete and thourough theory of capital to date, September 6, 2001

By A Customer

This review is from: Capital and Interest (3 volume set): 1. History and Critique of Interest Theories; 2. Positive Theory of Capital; 3. Further Essays on Capital Interest (Hardcover)

The most comprehensive theory of capital to date. Absolutely brilliant. It also contains the marginal utility theory which displaced the labor theory of vale (Smith, Ricardo). Also it has brilliant essays and critiques of the competing interest theories going back to Aristotle and including the socialist explotation theory of interest, the productivity theories and the agio theory. A warning howevor. This book is none to easy to read. If you think Smith and Ricardo are boring you had better brace yourself. Tremendously original, just unbelievably hard to read.