He served intermittently as the Austrian Minister of Finance between and He also wrote a series of extensive critiques of Marxism. After completing his studies in , he entered the Austrian Ministry of Finance, holding various posts until , when he became qualified as a Privatdozent of political economy at Vienna. The following year, however, he transferred his services to the University of Innsbruck , where he remained until , becoming a professor in The Austrian system at the time taxed production heavily, especially during wartime, which resulted in huge disincentives to investment.
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Eugen von Böhm-Bawerk
Hayek , and Sir John Hicks. His theories of interest and capital were catalysts in the development of economics, but today his original work receives little attention. Second, for psychological reasons the marginal utility of a good declines with time. Economists have accepted both as valid reasons for positive time-preference.
Capital and Interest Eugen von Bohm-Bawerk.pdf
CAPITAL E INTERES: EUGEN VON BOHM-BAWERK (9781909870208)
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