BOHM-BAWERK (Eugen von).

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

"One of the most influential economists of his generation" (Schumpeter).

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, black coated endpapers, edges untrimmed (contents of Vol. 1 generally clean and unmarked; Vol. 2 with bookplate of ‘The Ethical Society of Saint Louis’, obscuring an earlier book label, and attractive early bookseller’s label of ‘F.E. Grant, New York City’ to front pastedown, contemporary ownership inscription of ‘W. L. Sheldon’ to half title, neat inventory number in ink to head of p. v, contents otherwise unmarked and almost entirely unopened; some light shelf wear to extremities of both volumes, corners of Vol. 1 only slightly bumped, notwithstanding a really excellent set). London & New York, Macmillan and Co, 1890.

£2,500.00

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.

Stock No.
254235
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