Capital and Interest. A Critical History of Economical Theory. [with:] The Positive Theory of Capital. Translated with a preface and analysis by William Smart.

£2,500 · Offered by Maggs Bros Ltd

The first English translations of both parts of Böhm-Bawerk’s monumental study Kapital und Kapitalzins, originally published in German in 1884 and 1889 respectively, a major contribution to the Austrian school of modern interest theory and an important critique of Marxist economics. ‘A monument of creative analysis and a milestone on the road of our science, this work presents a series of critiques of theories of interest, each a piece of theoretical cabinet work, each a work of art unequalled in its perfection’ (Schumpeter, Ten Great Economists, p. 152). The translator William Smart was the foremost exponent of the Austrian School in Britain during this period. Einaudi, 569 573; Sraffa, 428 429.

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