Eugen von Böhm-Bawerk

✶February 12, 1851

†August 27, 1914

4 candles burning, 15 lit in all

About their life

Eugen Böhm Ritter von Bawerk was an Austrian-school intellectual and political economist who served intermittently as the Minister of Finance of Austria between 1895 and 1904. Böhm-Bawerk is noted for the theory of Roundaboutness, which emphasizes the time intensity, not only capital intensity, of investments in capital goods to increase productivity. He advanced an interest rate theory centered on time preference. He also wrote an extensive critique of Marxism and Marx's labor theory of value.

Austrian economist (1851-1914)

☆ Follow

Biography from the article Eugen von Böhm-Bawerk on the English Wikipedia, available under CC BY-SA 4.0.