Casting Light on the Enigma of Interest Rates: Böhm Bawerk's Intellectual Journey
In the realm of economics, the subject of interest rates, though predominantly settled within the framework of capitalism, continues to attract diverse perspectives and unorthodox views. In this essay, we embark on a comprehensive exploration of the multifaceted concept of interest rates, guided by the seminal work of Eugen von Böhm-Bawerk, “Capital and Interest” (1884). Our commitment to precision and an appreciation for the subtleties of economic theory underscores the rigor of our scholarly endeavor....