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FUNCTION OF SAVING
BY: EUGEN BOHM BAWERK
CATEGORY: BUSINESS & ECONOMICS -- FINANCE
THE FUNCTION OF SAVING.
E. BÖHM-BAWERK.
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