NEW BOOK: Capitalism and the Jews

New in books, Capitalism and the Jews by Jerry Muller.

Hayek vs Mises on the Theory of Interest

From a paper by Arash Vassei:

Hayek attacks the Böhm-Bawerkian formulation of intertemporal choice in “Utility Theory and Interest”, published in 1936. Hayek attributes the ‘confusion’ characterizing the subsequent controversies about the proper relationship between Böhm-Bawerk’s three ingredients, especially the relation between subjective and objective data, to the original formulation of the problem. The ‘pseudo-problem’ . . . → Read More: Hayek vs Mises on the Theory of Interest

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The mind does not so much make rules as consist of rules of action. — F. A. Hayek

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