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Eugen von Böhm-Bawerk

In: General Equilibrium Economics

Author

Listed:
  • Robert E. Kuenne

    (Princeton University)

Abstract

For a century following publication of Adam Smith’s Wealth of Nations in 1776, economic theory contained a paradoxical dissonance in its major themes. On the one hand, the classical thought of Smith, David Ricardo, James Mill and John Stuart Mill gave ideological support to economic liberalism and the free market economy. But, on the other hand, it succeeded neither in distinguishing the function of the key figure in that economy — the capitalist — from that of the entrepreneur, nor in providing a convincing rationale for the existence of the economy’s distinctive factor share — interest.

Suggested Citation

  • Robert E. Kuenne, 1992. "Eugen von Böhm-Bawerk," Palgrave Macmillan Books, in: General Equilibrium Economics, chapter 14, pages 329-387, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-12752-8_15
    DOI: 10.1007/978-1-349-12752-8_15
    as

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