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

BÖHM-BAWERK Eugen von (1890 & 1891.)

£2000.00  [First Edition]

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First editions in English. Two volumes. 8vo. xlv, [1], 431, [1]; xl, 428 pp. Original brick red pebble grain cloth, spines lettered and ruled in gilt, covers with triple blind fillet borders, edges untrimmed, black coated endpapers (extremities of both volumes gently rubbed and bumped, upper corners of both title pages clipped, not effecting text, light pencilled notations to the terminal blank of Capital and Interest, contemporary ownership inscription to title page of Positive Theory of Capital, otherwise an excellent, notably bright set). London & New York, Macmillan and Co.

First edition in English of both parts of Kapital und Kapitalzins (first published in German in 1884 and 1889 respectively). Böhm-Bawerk’s monumental study provided a major contribution to the Austrian school of modern interest theory and serves as an important critique of Marx. "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, p. 152). The translator William Smart was the foremost exponent of the Austrian School in Britain during this period.

Einaudi 569 & 573. See Batson, p. 18; Schumpeter, Ten Great Economists (Routledge, 1997).

Stock Code: 235131

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