Eugen von Böhm-Bawerk (1851-1914) · CatalogEugen von Böhm-BawerkEugen von Böhm-Bawerk (1851-1914) · CatalogAustrian economist of the Austrian School and three-time finance minister, known for his theory of capital and interest and his critique of Marx.
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Eugen von Böhm-Bawerk
1851-1914 · Austrian economist of the Austrian School and three-time finance minister, known for his theory of capital and interest and his critique of Marx
Eugen von Böhm-Bawerk (1851–1914) was born in Brünn (Brno), Moravia, and studied law at the University of Vienna. Influenced by Carl Menger's Principles of Economics, he became one of the founders of the Austrian School. He taught at Innsbruck, where he wrote Capital and Interest (1884–89), served three times as Austrian minister of finance between 1895 and 1904, and then taught at the University of Vienna, where his students included Ludwig von Mises and Joseph Schumpeter. He died in 1914.
Karl Marx and the Close of His System is the Austrian economist Eugen von Böhm-Bawerk's critique of the theory of value at the heart of Marx's Capital. It first appeared in German in 1896 as Zum Abschluss des Marxschen Systems, a contribution to a volume of essays honouring the economist Karl Knies, two years after Friedrich Engels published the third volume of Capital from Marx's manuscripts.