Recent Literature on Interest (1884-1899): A Supplement to "Capital and Interest,"

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Macmillan, 1903 - Interest - 151 pages
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Page xi - they thus reached a social justification of interest which no one of them probably ever mistook for a scientific ascertainment of the cause of interest...
Page xx - In that case, every instrument would find a place, in some part of a series, of which the orders were determined by the period of time at which instruments placed in them, issue, or would issue, if not before exhausted, in events equivalent to double the labor expended in forming them.
Page 22 - On the other hand the supply of capital is controlled by the fact that, in order to accumulate it, men must act prospectively: they must "wait" and "save," they must sacrifice the present to the future.
Page 141 - B0hm-Bawerk, as an advocate of the agio theory, draws the conclusion that " nowadays it may be considered as a recognized truth that the final causes of the phenomenon of interest are to be found, on the one hand, in certain facts of the technique of production, and, on the other, in the postponement of enjoyment.
Page 54 - C B', two years hence corresponding to C' B", etc. Since this is the last increment saved, one year's interest throughout the field would correspond to A' C, two years' interest to A
Page 25 - To put the same thing in other words, if it be true that the postponement of gratification involves in general a sacrifice on the part of him who postpones...

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