1889 Eugen von Böhm-Bawerk

Positive Theory of Capital

The Positive Theory of Capital | Online Library of Libertyoll.libertyfund.org

https://cdn.mises.org/The%20Positive%20Theory%20of%20Capital.pdfcdn.mises.org

Key Ideas:

• Roundaboutness - the number of steps in the production process or degrees of separation between investment and profit (realized gain)