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Encyclopedia Britannica



BOEHM VON BAWERK, EUGEN (1851 )

This article appears in Volume V04, Page 113 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: BLA-BOS
BOEHM VON BAWERK, EUGEN (1851 ) , Austrian economist and statesman, was born at Brunn on the 12th of February 1851. Entering the Austrian department of finance in 1872, he held various posts until 188o, when he became
qualified as a teacher of political
economy
  in the university of Vienna. The following year, however, he transferred his services to the university of
Innsbruck
 , where he became professor in 1884. In 1889 he became councillor in the ministry of finance, and represented the government in the Lower
House
  on all questions of
taxation
 . In 1895 and again in 18971898 he was minister of finance. In 1899 he was made a member of the Upper
House
 , and in 1900 again became minister of finance. One of the leaders of the Austrian school of economists, he has made notable criticisms on the theory of value in relation to cost as laid down by the " classical school." His more important works are Kapital and Kapitalzins (
Innsbruck
 , 1884-1889), in two parts, translated by W. Smart, viz.
Capital
  and
Interest
  (part i., 189o), and The Positive Theory of
Capital
  (part ii., 1891); Karl
Marx
  and the Close of his
System
  (trans. A. M. Macdonald, 1898);
Recent
  Literature on
Interest
  (trans. W. A. Scott and S. Feilbogen, 1903).


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