: Gia Bawerk is a pseudonym used by a financial analyst known for deep-dive macro research, often focusing on the energy sector, credit cycles, and Austrian economics Availability
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Essentially, people value a "good" (like money or a loaf of bread) more highly today than they do in the future. To get someone to delay their consumption, you have to offer them more in the future—that "extra" is interest. The "Free" Market and Capital
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Econlib hosts the 1890 edition of The Positive Theory of Capital . Their "Gia Bawerk free" section includes: The "Free" Market and Capital 2
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