Einige strittige Frage der Capitalstheorie. Drei Abhandlungen. - [OFF-PRINT - PRESENTATION-COPY] - 1900

1900. Wien & Leipzig, Wilheml Braumüller, 1900. 8vo. In contemporary half cloth with gilt lettering to spine. Endpapers brownspotted. Offprint from: "Zeitschrift für Volkswirtschaft, Socialpolitik und Verwaltung", Achter Band. 'Vom Verfasser' inscribed on upper right corner of title-page. With previous owner's dedication to pasted down front end-paper: "An H. Furuja (Oct. 1947) / Seiichi Tobata Leipzig August 1928", and to verso of front free end-paper: "Zugleich / S. S. 129-360 von Eugen von Böhm -Bawerk: Kleine / Abhandlungenåuber Kapital und Zins, hrsg von / Franz X. Weiss. 1926 Wien und Leipzig". A fine copy. (4), 127, (1) pp. Presentation copy of the rare offprint, being also the first separate edition, of this important contribution to the problems of capital theory, in which Böhm-Bawerk elaborates and defends his theories presented in 'Positive Theory of Capital' (1889). Bohm-Bawerk's thoughts on capital and interest also exerted great influence on many American economists, in particularly Irving Fisher.The present copy was given by the author to an unknown recipient, then passed on to the Japanese economist Seiichi Tobata (1899 - 1983), Professor of agriculture and economics at Tokyo University, recipient of the 1968 Ramon Magsaysay Award for Public Service for his contributions to the modernization of Japanese agriculture."The neoclassical part of his (Böhm-Bawerk's) argument, in particular his analysis of intertemporal consumer behaviour, was taken up by Irving Fisher (1907, 1930) and developed into a theory of interest which is based on the notion of time preference and the concept of investment opportunities' (in The New Palgrave, vol.1, p.257).Specifically in this work, Böhm-Bawerk posed a problem which had not been seen before in its full importance: the role of the rate of interest in the choice of an optimal method of production' (ibid, p.258)."As civil servant and economic theorist, Bohm-Bawerk was one of the most influential economists of his generation. A leading member of the Austrian School, he was one of the main propagators of neoclassical economic theory and did much to help it attain its dominance over classical economic theory. His name is primarily associated with the Austrian theory of capital and a particular theory of interest' (ibid, p.254)