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Start giftingThe Positive Theory of Capital
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In "The Positive Theory of Capital," Böhm-Bawerk delves into the nature of capital, interest, and the interplay between savings, investment, and time preferences. He explores the relationship between the structure of production and the interest rate, providing a detailed examination of the time element in the production process and its impact on the value of capital. The book is known for its rigorous analysis and critical examination of other economic theories, particularly those related to interest and capital.