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FUNCTION OF SAVING
BY: EUGEN BOHM BAWERK
CATEGORY: BUSINESS & ECONOMICS -- FINANCE
THE FUNCTION OF SAVING.
Annals of the American Academy, volume 17 (1901)
Under the above title Mr. Bostedo has criticised, in the January number of the
ANNALS,(1) some views which I expressed in my work, "The Positive Theory of
Capital," in regard to the influence of saving on the formation of capital. While I
advanced and illustrated by means of vari- ous examples the opinion, that an increase in
the capital of a community can only take place in consequence of a balance of saving
over spending on the part of its me