Ep. 273 The Austrian Theory of Interest, Current and Future
Bob Murphy Show
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The Evolution of the Capital Stock
Bob Greene: The average person getting an advanced degree in economics, at least in the United States, would not think of it in these terms and they don't learn the history of thought. And so me solving that apparent paradox was basically a chunk of what I did my dissertation. But where I'm going with all this, you might say, Bob, didn't you just paint yourself into a corner? He says he's trying to explain how Irving Fisher laid the foundation for Austrian pure time preference theory of interest as well as neoclassical mainstream version. So what the heck? How did he do both? That is literally the naive productivity theory of interest to ostensibly blow up in the 1800s
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