https://www.youtube-nocookie.com/embed/0fo2QcvE2Rw
See also:
Austrian Capital Theory
Further reading:
The Pure Time-Preference Theory of Interest edited by Jeffrey M. Herbener
Why Do Capitalists Earn Interest Income? by Robert P. Murphy
The Abstinence Theory of Interest by Robert P. Murphy
Böhm-Bawerk’s Critique of the Exploitation Theory of Interest by Robert P. Murphy
Man, Economy, and State by Murray N. Rothbard (Chapter 6) + Study Guide
Mainstream Economists Don’t Even Get Their Dimensions Right by Robert P. Murphy
Dangers of the One-Good Model: Böhm-Bawerk's Critique of the "Naïve Productivity Theory of Interest" by Robert P. Murphy
Interest and the Marginal Product of Capital: A Critique of Samuelson by Robert P. Murphy
