New Theory of Capital Promises Economic Revolution in Society
The article "Positive Theory of Capital Bohm-Bawerk" was published in October 1890 in The Quarterly Journal of Economics. It discusses a new theory about how capital works. The researchers looked at how people use money to invest in things like businesses or equipment. They found that when people invest in capital, they expect to make a profit in the future. This theory helps us understand how money is used to create more wealth over time.