BÖHM-BAWERK, Eugen von.

Kapital und Kapitalzins.

Erste Abteilung. Geschichte und Kritik der Kapitalzins-Theorieen. [Zweite Abtheilung. Positive Theorie des Kapitales.]

Innsbruck: Verlag der Wagner'schen Universitäts-Buchhandlung, 1884-89 Stock Code: 148852
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First editions of both parts, presentation copy to his fellow German economist Lujo Brentano, inscribed in the author's hand on the half-title verso of the second volume: "Herrn Prof. Dr. Lujo Brentano in aufrichtiger Hochschätzung überreicht vom Verfasser" "Prof. Dr. Lujo Bretano with sincere esteem presented by the author".

Associated with the historical school of economics, Lujo Brentano (1844-1931) served as professor of economics at the universities of Breslau, Strasbourg, Vienna, Leipzig, and Munich. His study of English trade unionism made the argument that trade unions were the successors of the medieval guilds, a thesis of lasting influence, and he defended trade unions and opposed German militarism until his death.

Kapital und Kapitalzins, Böhm-Bawerk's magnum opus, is "an exhaustive survey of the alternative treatments of the phenomenon of interest: use theories, productivity theories, abstinence theories, and many more. Most significant in this early work is his devastating critique of the exploitation theory, as embraced by Karl Marx and his forerunners: Capitalists do not exploit workers; they accommodate workers - by providing them with income well in advance of the revenue from the output they helped to produce" (Garrison). Mises described the work as "the most eminent contribution to modern economic theory", and Hazlitt called the second part "one of the most brilliant and original contributions - if not the most brilliant and original - ever made to the theory of capital and interest". Both parts are scarce, and particularly so in a uniform contemporary binding.

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2 volumes, octavo (210 x 132 mm). Contemporary purple half cloth by Rud. Ortmayer of Munich (ticket to front pastedown of vol. II), spines lettered in gilt, marbled sides and edges. Housed in a custom brown cloth box.


Complete with errata leaf in vol. I and advertisement leaf in vol. II. Joints and extremities expertly repaired to vol. I, the front joint with minor superficial splits. Light rubbing to bindings. Minor chip to front free endpaper of vol. I, a couple of short closed tears to half-title of same, a few other sporadic short closed tears and light browning to contents (as usual), contents without marking. A very good copy.


Batson, p. 22; Menger, column 128; not in Einaudi. See Roger W. Garrison, Biography of Eugen von Böhm-Bawerk, Ludwig von Mises website.


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