Exploiting Eugen

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Here is yet another article in which I contribute nothing of my own, but merely summarize Eugen von Bohm-Bawerk's critique of a particular theory of interest. Even if you are already a true believer in the Austrian theory of interest, I bet you will learn a few things from reading Bohm's critiques.

Some people feel that I lavish too much attention on dear old Eugen. What can I say? He is my favorite economist. (And in any event, my hero is much cooler than Callahan's hero, that Michael HotShot or whatever his name is.) At least be thankful that I'm posting economics articles again, rather than ones on metaphysics.

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