“Interest is not an accidental "historico-legal" category, which makes its appearance only in our individualistic and capitalist society, and will vanish with it; but an economic category, which springs from elementary economic causes, and therefore, without distinction of social organisation and legislation, makes its appearance wherever there is an exchange between present and future goods.””
Quotes by Eugen von Böhm-Bawerk
Eugen von Böhm-BawerkEugen von Böhm-Bawerk was an influential Austrian economist and a prominent figure in the development of the Austrian School of economic thought. Born into a well-off family, he initially pursued a ca...