Eugen von Böhm-Bawerk
Eugen von Böhm-Bawerk | |
|---|---|
| Born | Eugen Böhm 12 February 1851 |
| Died | 27 August 1914 (aged 63) |
| Academic background | |
| Alma mater | University of Heidelberg University of Leipzig University of Jena University of Vienna |
| Doctoral advisor | Karl Knies, Wilhelm Roscher, Bruno Hildebrand |
| Influences | Carl Menger |
| Academic work | |
| Discipline | Political economics |
| School or tradition | Austrian School |
| Notable students | Joseph Schumpeter, Ludwig von Mises, Henryk Grossman |
| Notable ideas | Roundaboutness Time preference Criticism of Karl Marx's exploitation theory |
| Part of a series on the |
| Austrian School |
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Eugen Böhm Ritter von Bawerk (short form: Eugen von Böhm-Bawerk, Austrian German: [fɔn bøːm ˈbaːvɛrk]; born Eugen Böhm, 12 February 1851 – 27 August 1914) was an Austrian-school intellectual and political economist who served intermittently as the Minister of Finance of Austria between 1895 and 1904. Böhm-Bawerk is noted for the theory of Roundaboutness, which emphasizes the time intensity, not only capital intensity, of investments in capital goods to increase productivity. He advanced an interest rate theory centered on time preference. He also wrote an extensive critique of Marxism and Marx's labor theory of value.