Capital and Interest

Jena: Gustav Fischer, 1921. ¹⁄₄ cloth with original brown boards; XXIV, 488; VIII, 350, [2] pp. Capital and Interest is a three-volume work divided into two stand-alone parts: History and Critique of Interest Theories and Positive Theory of Capital. These are the 2 volumes comprising the stand-alone Positive Theory of Capital. In German. Very good. Volume 1 with light pencil underlining in a few sections, previous owner’s stamp. Volume 2 light crush damage to top ¹⁄₂ inch of spine. Very light rubbing to boards. One of the the foundational texts of Austrian Economics. Von Böhm-Bawerk develops Carl Menger’s ideas of marginal utility to argue that the idea of subjective value is related to marginalism — things only have value to the extent people want such goods. The foreword by von Wieser is well worth the price of admission. Price for set.