Eugen von Böhm-Bawerk
| Eugen Böhm von Bawerk | |
|---|---|
 |
|
| Born |
12 February 1851 Brünn Austrian Empire, now Brno, Czech Republic |
| Died | 27 August 1914 (aged 63) Kramsach, Austria-Hungary |
| Nationality | Austria-Hungary |
| Fields | Political economics |
| Alma mater |
University of Heidelberg University of Leipzig University of Jena University of Vienna |
| Doctoral advisor | Karl Knies, Wilhelm Roscher, Bruno Hildebrand |
| Notable students | Joseph Schumpeter, Ludwig von Mises, Henryk Grossman |
| Influences |
Carl Menger William of Ockham |
| Influenced |
Ludwig von Mises Joseph Schumpeter Henryk Grossman Knut Wicksell |
Eugen Böhm Ritter von Bawerk (German: [bøːm ˈbaːvɛʁk]; born Eugen Böhm; 12 February 1851 – 27 August 1914) was an Austrian economist who made important contributions to the development of the Austrian School of economics.
He was the Austrian Minister of Finance intermittently from 1895 to 1904, and also wrote a series of extensive critiques of Marxism.
While studying to be a lawyer at the University of Vienna, he read Carl Menger's Principles of Economics. Though he never studied under Menger, he became an adherent of his theories. Joseph Schumpeter said that Böhm-Bawerk "was so completely the enthusiastic disciple of Menger that it is hardly necessary to look for other influences." During his time at the Vienna university, he became good friends with Friedrich von Wieser, who later became Böhm-Bawerk's brother-in-law. After Vienna, he studied political economy and social science at the universities of Heidelberg, Leipzig and Jena, under Karl Knies, Wilhelm Roscher and Bruno Hildebrand.
After completing his studies in 1872, he entered the Austrian ministry of finance. He held various posts until 1880, when he became qualified as a Privatdozent of political economy at Vienna. The following year, however, he transferred his services to the University of Innsbruck, where he remained until 1889, becoming professor in 1884. During this time, he published the first two (out of three) volumes of his magnum opus, Capital and Interest.
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