Productivity theory of interest
From Mises Wiki, the global repository of classical-liberal thought
Productivity theory of interest is the theory, disproved by Eugen von Böhm-Bawerk that interest is the income attributed to, or derived from, the use of capital goods in the production process. For the correct theory of interest, time preference, see "Originary interest."[1]
References
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-08-20.
