Time matters: present versus future value

Bob revisits Böhm-Bawerk’s critique of the exploitation theory of interest to answer modern claims that billionaires like Elon Musk must have “stolen” their wealth from workers who supposedly create 100 percent of a firm’s value.

Related:

• Böhm-Bawerk’s Critique of the Exploitation Theory of Interest: Mises.org/HAP534a
• Böhm-Bawerk’s Karl Marx and the Close of His System: Mises.org/HAP534b

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