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Ep. 26 Capital & Interest in the Austrian Tradition, Part 1 of 3
Episode 2611th April 2019 • Bob Murphy Show • Robert Murphy
00:00:00 01:14:53

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Bob goes solo by beginning his 3-part series devoted to Capital & Interest Theory in the tradition of the Austrian School. (This is his area of expertise and the focus of his doctoral dissertation.) In this episode, Part 1, Bob explains Bohm-Bawerk’s critique of the “naive productivity theory” of interest, and also reconciles it with the standard approach in modern economics models of equating the real rate of interest to the “marginal product of capital.”
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The audio production for this episode was provided by Podsworth Media.