Ideologies / Libertarian Capitalist / Eugen von Böhm-Bawerk
§ The minds · 1851–1914 · Austria · Economist & minister
Eugen von Böhm-Bawerk
Capital and interest
Time is the heart of the economy.
Economic+90
SocialistMarket
Governance−22
LibertarianAuthoritarian
Social−16
TraditionalProgressive
The Austrian theorist of capital and interest who refuted Marx's labour theory of value and, as finance minister, practised the sound-money liberalism he preached.
social
Conservative-liberal of the Habsburg establishment.
economic
Explained interest and capital through time-preference; demolished Marx's exploitation theory.
governance
Liberal finance minister who balanced budgets and resisted intervention.
Notable for
- 'Capital and Interest'
- Refuted Marxian exploitation
- Austrian finance minister
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