This chapter highlights key debates within the Austrian School itself, such as the “real” versus “nominal” conceptions of capital and competing explanations for interest, including productivity, time preference, and loanable funds theories. It then critiques Classical and socialist perspectives on the topic interest, for instance the abstinence and exploitation theories, while emphasizing the importance of intertemporal valuation.

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Capital and Interest

  • Renaud Fillieule

摘要

This chapter highlights key debates within the Austrian School itself, such as the “real” versus “nominal” conceptions of capital and competing explanations for interest, including productivity, time preference, and loanable funds theories. It then critiques Classical and socialist perspectives on the topic interest, for instance the abstinence and exploitation theories, while emphasizing the importance of intertemporal valuation.