Eugen Böhm von Bawerk
Austrian economist (1851-1914)
Summary
Updated 2026-05-29
Austrian economist who made time the star of capital theory instead of just throwing money at the problem. His roundaboutness concept and critiques of Marx got attention in early 1900s policy circles and academic debates.
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Eugen Böhm Ritter von Bawerk was an Austrian-school intellectual and political economist who served intermittently as the Minister of Finance of Austria between 1895 and 1904. Böhm-Bawerk is noted for the theory of Roundaboutness, which emphasizes the time intensity, not only capital intensity, of investments in capital goods to increase productivity. He advanced an interest rate theory centered on time preference. He also wrote an extensive critique of Marxism and Marx's labor theory of value.
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- WikidataHigh confidencewikidata · wikidata.org
- WikipediaHigh confidencewikipedia · en.wikipedia.org
- Pantheon 2.0High confidencedatabase · pantheon.world
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