Eugen von Boehm-Bawerk (1851-1914) was an Austrian economist and statesman, a principal founder of the Austrian School alongside Carl Menger. He developed the theory of roundaboutness, arguing that more time-intensive, capital-intensive production processes are more productive, and built an influential theory of interest and capital. He served three times as Austrian finance minister and mentored later Austrian economists including Ludwig von Mises. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
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Eugen von Böhm-Bawerk
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Karl Marx, Economists Additional Source WikipediaEugen von Boehm-Bawerk, Karl Marx and the Close of His System section
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Eugen Böhm Ritter von Bawerk (short form: Eugen von Böhm-Bawerk, Austrian German: [fɔn bøːm ˈbaːvɛrk]; born Eugen Böhm, 12 February 1851 – 27 August 1914) was an Austrian-school intellectual and political economist who served intermittently as the Minister of Finance of Austria between 1895 and 1904.
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Boehm-Bawerk is noted for the theory of Roundaboutness, which emphasizes the time intensity of investments in capital goods to increase productivity.
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12 February 1851
Infobox, Died field
27 August 1914
In Group: Marxian, Austrian, Historical and Institutional Economists, Lead
Eugen Böhm Ritter von Bawerk (short form: Eugen von Böhm-Bawerk, Austrian German: [fɔn bøːm ˈbaːvɛrk]; born Eugen Böhm, 12 February 1851-27 August 1914) was an Austrian-school intellectual and political economist who served intermittently as the Minister of Finance of Austria between 1895 and 1904.
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Wikimedia FoundationDebated With: Karl Marx, Eugen von Boehm-Bawerk, Karl Marx and the Close of His System sectionQuote, Debated With: Karl Marx, Eugen von Boehm-Bawerk, Karl Marx and the Close of His System section
Karl Marx and the Close of His System (1896) examined Marx's analysis of value, claiming the basic error in Marx's system to have resulted from a self-contradiction of Marx's law of value, namely how the rate of profit and the prices of production of the third volume of Marx's Capital contradict Marx's theory of value in the first volume.
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