What did Bhm-Bawerk mean by roundaboutness in his theory as to why interest rates must be positive?

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What did Böhm-Bawerk mean by “roundaboutness” in his theory as to why interest rates must be positive?

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Bond Markets Analysis And Strategies

ISBN: 9780253337535

10th Edition

Authors: Frank J. Fabozzi, Francesco A. Fabozzi

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Question Posted: Jan 21, 2024 12:03 PM

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What did Bhm-Bawerk mean by roundaboutness in his theory as to why interest rates must be positive?

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Eugen von BhmBawerk was an Austrian economist who made significant contributions to the theory of ca...View the full answer

Bond Markets Analysis And Strategies

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