Bohm-Bawerk individual essays have been combined in Shorter Classics. This volume represents his expansion, examination, and improvement of his system. It includes the famous essay on “Karl Marx and the Close of his System,” which undoubtedly is the best-known critique of Marx ever written, and four other sagacious essays: “The Austrian Economists” “Whether Legal Rights …

Five essays that add to the economic thought of Bohm-Bawerk, author of the great three-volume work, CAPITAL AND INTEREST. At the turn of the 20th century, Bohm-Bawerk served as Professor of Political Economy, University of Vienna, and as Austrian Finance Minister.

Capital and Interest is von Boehm-Bawerk’s magnum opus, one of the greatest achievements in the history of economic thought.In fact, it is a Magna Carta of the capitalistic production process. In an economic order based on production, income from capital investment provides the very basis of the system and a livelihood for a large middle-class, …

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