Nineteenth century Austrian economist and minister of Finance


Eugen von Böhm-Bawerk - Wikipedia, the free encyclopedia
"Eugen von Böhm-Bawerk (February 12, 1851 - August 27, 1914) was an Austrian economist who made important contributions to the development of Austrian economics. Trained in the University of Vienna as a lawyer where he read Carl Menger's Principles of Economics. Though he never studied under Menger, he quickly became an adherent of his theories. Joseph Schumpeter said that Böhm-Bawerk 'was so completely the enthusiastic disciple of Menger that it is hardly necessary to look for other influences.' During his time at the Vienna university he became good friends with Friedrich von Wieser, who later became Boehm-Bawerk's brother-in-law. ..."


12 Feb 1851, in Brünn, Moravia (Brno), Czech Republic


27 Aug 1914, in Kramsach, Tirol, Austria


Biography of Eugen von Böhm-Bawerk, by Roger W. Garrison
Ludwig von Mises Institute
Biography of Eugen von Böhm-Bawerk (1851-1914), The Concise Encyclopedia of Economics
Laissez Faire Books


Eugen von Böhm-Bawerk: A Sesquicentennial Appreciation, by Richard M. Ebeling, The Freeman, Feb 2001
Broad biographical essay, including Böhm-Bawerk relationships with Menger, von Mises and Schumpeter, and his two major works
"Eugen von Böhm-Bawerk was born on February 12, 1851 in Brno, capital of the Austrian province of Moravia (now the eastern portion of the Czech Republic). He died on August 27, 1914, at the age of 63, just as the First World War was beginning. ... The scientific contributions to which both Mises and Schumpeter referred were Böhm-Bawerk’s writings on what has become known as the Austrian theory of capital and interest, and his equally insightful formulation of the Austrian theory of value and price."
Eugen von Böhm-Bawerk: Capital, Interest, and Time, by Roger W. Garrison, 15 Great Austrian Economists, 1999
Ludwig von Mises, socialism's greatest enemy: His life and times, by Jim Powell
Lengthy biographical essay on Mises, including details on Menger and Böhm-Bawerk
"The person who most directly influenced Mises was the economist Eugen von Bohm-Bawerk. ... During the eight years he taught [at the University of Innsbruck], Bohm-Bawerk became the greatest champion of Menger's ideas, and he wrote his masterwork, Kapital und Kapitalzins [Capital and Interest] which was published in 1884."


Karl Marx and the Close of His System, 1896
Related Topic: Communism
The Austrian Economists, The Annals of the American Academy of Political and Social Science, 1891
Explains some of the major tenets of the Austrian school -just two decades after publication of its seminal treatise, contrasting them with the views of classical economics and the historical school; paper solicited by the editors of the magazine
"The province of the Austrian economists is theory in the strict sense of the word. ... Their researches take their direction from the theory of value, the corner-stone being the well-known theory of final utility. This theory can be condensed into three unusually simple propositions. The value of goods is measured by the importance of the want whose satisfaction is dependent upon the possession of the goods."
The Historical vs. the Deductive Method in Political Economy, The Annals of the American Academy of Political and Social Science, 1890

Books Authored

Capital and Interest, 1884
3 volumes: History and Critique of Interest Theories, Positive Theory of Capital, and Further Essays on Capital Interest. Electronic text based on 1890 translation, available at The Library of Economics and Liberty.
Related Topic: Capital Goods
Exploitation Theory of Socialism-Communism: The Idea That All Unearned Income (Rent, Interest and Profit) Involves Economic Injustice), 1975
Extract from Volume I, Chapter XII, of Capital and Interest
Related Topic: Communism
Value and Price: An Extract from Capital and Interest, 1973
Extract from Volume II of Capital and Interest
Related Topic: Prices