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While the ladder takes time and capital to build, it ultimately yields a much higher return. This insight shifted the focus of economics from simple labor to the vital importance of and the time invested in creating them. The Critique of Marxism

In his view, positive interest is not an anomaly or an exploitation, but a natural, organic outcome of time preference and the greater productivity of roundabout, capital-using production methods. gia bawerk free

How his theories explain

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