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E B-Bw
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2010 Lw M I C C- A L 3.0. ://.///3.0/
Lw M I518 W M AA, A 36832www..
ISBN: 978-1-933550-71-8
C E Lw Zeitschrit r Volkswirtshat,
Sozialpolitik und Verwaltung,V XXIII (1914): 20571; JR Mz, P.D.
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C
I. T S F
R E P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
II. C C? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
III. T Ex S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
IV. T V A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
5
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I. T S F RE P
Economic theory, rom its very begin, has endeavored to w . I , w w R w , w w physical laws. I ll , z w, u, p j, u pl pl ulw w x , j
w, q m ll m l, cmc x cw w w , w w , ; w , , w w.
S w, , w supply and demand,c m m -
, w . A u l l, u , , w, - w , , w , ll-m lm l cm q w w
w, .
T q w ccy xcl mc l l. T m
7
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Control or Economic Law8
, , w w- ,
w w w lm mmcl cccy x m cl w, - w , w. A w j w x w , w w w w. N , , w. F ,
, w w w , cly mll l ll m k, l cm ccly.A l c l q.
L p w w , w w w. Fw x R
Al W, c ly cmc c- . T w wm, lly l, c cmc m y ; w , , w, .H, , - l c l cl cy, m q , Sz.1
T w, w w jc. B -c c cl , w w ? T q w , , . A w , , I w, Nw w .
I w , ppl p pp. N ul l p
1 D Sz K Vw, B 1896; D Zw Vw, B 1909.
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Eugen von Bhm-Bawerk 9
x l z w wp k pu u x w l. Bu,
, ll p wul l l p ul .
O ml c l cl . E w ,w w w j , x. T q, , w , , x
; , w .T q : how much x? O, I
x , w w Sz D Sz K,
T , q , xx , w w , , .
T w .
I , q , u p l pl w w : , w-w- , , w, -
, (Macht) .
T ml-l cl lm c , , l xly; cc w , , , . S , w w , ,
, w .U , x
, - - , , c xmly m ym c l
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Control or Economic Law10
, , . T
.B , -
w, w w w . I plx l w p; , l z, , , w w q w
, .2
T y ml-l cl k - w q , w w -, , .3
F ll, p, p p,
w u wul pu . T -, , w, w , , w , , w w w .
T w ; w w
m c m cmc , cl m cl cly mc. Ey, , w x w . O , zw , q w cl c m m cmc lc m.
2 I , , w , 1886.
S my F Ty Ecmc Vl, Conrads Jahrbcher, N.F. 1886,B. XIII, . 486; Positive Teory o Capital, C. IV.
3 O c, m ly x c mmm c, , w x .
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Eugen von Bhm-Bawerk 11
I , , w
. B , mc m l xl y cm ly ly xc m x .
N - , w cy .4 T y m x w . W, w -
, pl u , , x w, w w , x, w, , w l xcl xl ly cmc . W , w w, , w x . I w - w ,
ul qu w w w . M, w w - , .
A m ly Slzm my c . O , S S, w w , Sz w ,
, l ymclly m y l cm, R W, ml m ml cmc y my - . H , I , q .
Nw, Slz l ul - , - ,
, ..,
4 A w E Amc l, clly m cl y y mly. B f .
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Control or Economic Law12
pu l, u pu w, , , .
I w z .W m c c c c-
l c, m c , , m cc cl x y c. T mlm cl c ck ml-l y , u w,
, w .
Bu ul w p . w w j -. I w w , . N y cmm m c c cl,
. A , , , Sz 800 , .
L u w ll u u : scientifc oun-dation o a rational economic policy. F w w , -l qu w pl u
u pw pp ul lw can w f. T x . T w w see, w grope ! I pl w ul u, l l u .
I w I w q w w I w .W I , I ww w q . A m, mk , I ll
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Eugen von Bhm-Bawerk 13
w ly. F m , I ll l- l
. I , q w .
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II. C C?
As I do not wish to repeat obvious things, I do not stop to inquire
w , - , . T I p , l l ll . M q, , w - w, , w , w u l l lw p, w z w .
T q , , :
I m ly m clly c c w w, w w w ?
A w, , q, w
x w w . A I q x , w : , ,w (Macht) w w w . L w w w w .
T usury: W uu cl cm c m ml x ? N w
15
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Control or Economic Law16
: u w w, w, u uu, wul
; w .
A , , j , - , w , . A w w w , q - w, c cm, m l cm
w .5 T , x, w x , w j - w.
O pl pl. E w plpl pw x p pu p pl. H w pw x l w w w w , w j x, cm l y l lm lkly .
B w w -x : , , x , , , ,
ll m m, m ly ck c q . H , w, c cmc l cc c c x c- , , w q q . S ly c my , my lc c l cl l c; , w
, w q .T ;
w w . H
5 S Positive Teory, 3 E. C IV.
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Eugen von Bhm-Bawerk 17
l p w p l, ,
, x w w w w , c l, mly c m c ll, w .
T w w w , y k -cll cmc l, k w , .Hw- x, w, ,
. B x w w .
W ccl m c lm,I . F , w - .
F, l c l my cy , cc , w , x w w . W - , , , -, , , , x , w, x - -w . W -, c lk m ml mk , w x
j w w w ; w, j,w , .
T w w w w , w ; w w x , x , w , x w , w l . A c m , c-m c
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Control or Economic Law18
l, pp pw, lw
w w w
: xp , u lw ppl w .
F w w :
w ul k
w , w
w . W , -
, w w
l c c , c -cmc m, w w
, l l c cl ly l m
. N w w, w w
ly m l cl l c l
, w x .
A , : w w q
x -
l c l -cll ly cmc
, . H ,
Sz w
- , ,
w j
q ; , ; w
w -
c cl c clly cm , y ml x . O
w . T
w
mm c ml ly jc
, x
, , S, w
k u P Lx u,
w, w w:
T w
xpl . F k w u pw
w : . A
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Eugen von Bhm-Bawerk 19
q x .6
I j w w , w , ., - , w, , , x w ?
N xl jc Slzm l w w
cl cy; mly, l c c m-, mly m l lm, lm .
N , , c cmc c lly lm m c; jc l y w . B x , w
lm m l cm m clly z , w - m my l. N cl, , m y. I c xc c c, .
H w w , , w x w
w lu ul xu u , -x w . B w x x w x w , w q w w w . O , z , -, , , ,
q j w, w w .
6 Rw V. 21 Zeitschrit r Volkswirtschat, Sozialpolitik und Verwaltung, 1912, .284; Ow L Zeitschrit r Sozialwissenschaten, N.F.
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Control or Economic Law20
B w w w x q ,
ccc mjy c c x . N x, , w , w , x delimitation, w q w x ; -
x , .F w w, q,
l m ly cmc ll-c c, R cll, , Sz, f. T . A , ly k, c c c c l l k m, y clly ll, lm l, - ly l l cmc
. B x - w .
T w w , w . A - . T , -l . T lll x p u(x w- ) w
m llc-cl c. F, y clz cmmy, mlw x l wll ppl w w w , cc. I , , y ll mc, y , , ; , w, , , R- C w .
O w qw x x . A x -.T R y y mk, cl m- pl pl u x
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Eugen von Bhm-Bawerk 21
, j. A Szqull k, w l l
, w w , ju u l pw. A l l- w, w, w ; w .
S w c ly cl cy c c. N xl-
- w Sz xlc mx ll ly l ly cmcc. I y ly k c c ccc x, , . W w x w, , jc l ml ly. A m lly l c l l
pu . I l l, , .
S . T , , I w w - . W I w, I , w
, I w . I , I w I w . N I .
A w I ll u w u - w w (Macht, w).
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III. T Ex S
What I have to say may, I think, best be developed by looking at a
: w strike.
A w , ml-ly y, m c c cm-p wul l pu l, .., , . H w ,
, w ; w , q w m k y ; cl lly l, , l wk wul ll pu ul uplu . A l , w x , w. U w ,
x w w w w: w, morew; , . I w llw p wu u , wul l w, x , w , $5.50 .
B w q , c, lm, mly; c x l p pul u , w
23
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Control or Economic Law24
pl, u l pu w , w w w ,
, $4.50. I , , w , w f w x w $5.50, $4.50, q.
Hw wul p w xpl ml-l y? T fcl. I c, l w . I .
W . T w ww x , , x , m l, y l l l l ml. T lm m y l c lastk, w w q .T w w, , $5.50.
M lw l. T lw l w w w ll l ll. I , mly, -l k , .
I w , w , yy my cm m ll, l-l m cl m. I ly l l c, , x w, w , z w .
A k ccml m my m cm ll l c m cm k, j . T w w j w w w w. w , w x
w w w j .I llu w ul u , l u u
w , - j , lw, $1.50. T u lw u u-, w, w-w , w
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Eugen von Bhm-Bawerk 25
permanentw w, , w .
B w . I w x . I w x, wl up w upp l $5.50; u , w , w . T w w w w , w
pu, lu u u l x x. cc, c , , lkly , x w w w below $5.50.
T ul w wll wk w ,
. T w w - w, w q m y k kll l, ll c kll ukll , p p p . S w w x w w my c lly ml cy l k, w w .
U u ll u w wul w u u wk l ul , w w w w w . w, x $3.00, w, , w , w w . T w w $3, $3.10. A
w , w w q: $3.50, $3.80,$4, $4.20, $4.50, $4.80, $5. N, w, w w w -, w $5.50.
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Control or Economic Law26
W w pl x w w l w z
$1.50 $5.50?L m, , mlc
w , , - , , w k, cc y lly mz, w. U , l x cc l ml ly
, : w x w , , w - w , w , x . O : lower x y ml, mll ll m w , w
w w w w w , .., w $5.50; , , w w .
O , , c c, c x , x, c. W c (c, , ly w $5.50) w ; , , w w c m ll c, ck ml. Fm , w x $1.80 $2.00 y l mmm xc $3, w , w w w , - w j w ww kll cc c, ll, c $3.10. T ll w w , , $4.50, w w x w w , . U ,
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Eugen von Bhm-Bawerk 27
ww w , pl pl x w
, w w.
w u ll pl xc . F, m l , , k, l l ccm cc m j w ful , w upplw . S, w w x
l mly , lkly l l w x , w , wcm, lkly c c . Glly k, .
I l -pz , u u , w w
$5.50 $4.50, w, , cmy lm c-l, ml y ml- . I w x , m l. By c c, x c l m, mly w -, . T j w $4.20 $4.80 $4.50. T xl y c l c
, w c ll, ly cm, lyw, j. T w lc m l cl; , cy x , z x , j , w w , x w
z mk , cl c c c w .
L u w u , qull pl, x , w, . L w
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Control or Economic Law28
u : $5.50 lu pu lwk, $1.50 pl lu wk ul
, $3 x, ., , w , z, j w .
Nw I w w . I $4.50,
, $5.50, w wul l u p p. T w , w ,precisely that $5.50, w, w ml ml-l y, m notcm w, .
H w u xpl w lly l ly, .., c l l , . T q w w . U - w, w - w. I
, , 100 w, w 100w w w q w l mly l mk y mly lw, w w w.I w w j , , w 100 w , $5.50.
B w : j 100 w, q w w 100 99 w, w w upu $5.50, u w kp p w100 w, . O 100 $5.50, , w
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Eugen von Bhm-Bawerk 29
cmlmy , c c lz y l l, , w , q,
mcy, c. I ly m m , z w, , .O w w w , , , - , w one, , $5.50.
T ww w . B p u wk wul
w , lc l l. A c l cmlmy ,, w . W ww w w $5.50, $5.55, $5.60, $6.I, w , 100 w , w
, 100 , l c l c lz. T mcy l ll, ml l l l c, c. T l w , .
T l, c, l jc mc, cc x . I , w
pl , pl ulz u lk . T w - , .T q . I , , ,w .
B w , clm , xml c l m-l, c l y, cll c c w wk k, uu l pw, u
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Control or Economic Law30
, lcc l. T c my l x cl m, m, l
w , .Hw x w ?
L u lz, ll, lu w pu ll w per capitaw each individual worker, - w q , , total 100 w. H w w, , w , . T - w w w
w j. T w , w. , q , ; .
B total value? T xl y y m.T w , w .
H cm ly mkl y m, cI .7 F w-w , w w , , , , w , l m m c cmlmy ,
w w .I ll mly cl l c
. F, l cmlmy m (ml) ly c y jly, , c cmlm- , .8
T - ,
. I j ,
7Positive Teory o Capital, B III, C IX T V C- G (T I).
8Positive Teory, B III, C IX.
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Eugen von Bhm-Bawerk 31
, , u w j u ,
, w . E q w , w w, , w w .
I c m k ll k, mly w j w , , x ,
w w total j, w . H j .9
Cq, w w . F w j w - , , 100 $5.50, ,y m cl l m cmlmy . T, , , w $550, , , $700 ; z , w x w , $1000, $2000 y. A mxmm cmclly lw w w $5.50 $7 $10 $20. T w w w
x, w, , w .
T , w, -, mly mll l l c l , w , , . T w $7 $20, , not j .
T f
9 Null, I , p, w ful pl w , w x Positive Teory o Capital.
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Control or Economic Law32
z. T w w, w q one . I
100 , w .
I w w w (.., $1.50 w ), q 100 $10 , .
I u , p ,pu wk wul w l , j w x.10
I , w x w w w $1.50 $10. W, c, cm k m ccmc mk , , w
x l c z ly lly l x ; , w w $10. T l I ll uu
w I pl l p. Bu plwll l pu . F w ll ull x- w w w
. B w , w , ; w, x w, , x , . N w w w ,
w , , w, j. T q w,w w .
10Positive Teory, B IV, C II.
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Eugen von Bhm-Bawerk 33
O , w f w k, x w k. T
w w w w w. I w w $9, w $7 , w q q- my ly $5.50, c lw. A , , w, , .
I , w, , w, , . w, -. F w ccml , y m k , y cm , w , w . W , w . D ,
, w , , w .
Flly c c y mc l w w, w: m c k k, c, , , .
I . W
, . T . S pu l pl l xp uu, . I , x . I , w . I , w . T
, , x, x.
T l, m c k, ll mlly ly mx . N , , w w x x
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Control or Economic Law34
l y ml cm- , . I z w
m x m $1.50 $10, l $3 l j $8, , I w z, x w , q short period .
M lm l c w f x w . I , , - ,
cl cl c, mly, c w , , , , w , win conormity in harmony w , q, w w w , x , , w x .11
T qu: W wll , w, ?
T q , - . E pl x p w m c y . O , myx w ; j - -; R , wwl l l- p. Sll, , w
11 I w wI w - -
, w I w . F , A S, . T , , x w w q w . (S PositiveTeory o Capital, B III).
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Eugen von Bhm-Bawerk 35
. E m ml m m l xl,
w , , m m m c; , w w x- x.
B w w w mcy, , my kl cmc l ,
j .Wl lm c c c
, , , - w , w , , .
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IV. T V A
Let me again start rom our concrete illustration, and discuss,
y , l. W ycl lly c w , , , z .
mly, m cc w, w w $1.50 $10 w - , w x, , x w , w w. I
x, w x, w w w.
1. I need not waste any words about the fact that a wage rate belowthe minimum of existence x w $3ly m. T ll m ml l lw, p u l ly l cc ll lf w , -qu w, lw uppl llw, u, l xp , , x w w w w .
2. Nor can wages be fxed permanentlybelow the rate of the mostcommon type of labor, , w $3.10. T u xpl, ll uppl p 3 w llw, wll l ppl , . T xc, ml c Am Sm, w
37
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Control or Economic Law38
w, , w m ll l c l -
l cc, ll, c, l ly , , , .
3.Wages higher than those of common labor, butbelow the marginalproduct of the last laborer( , w w $3.10 $5.50), w , my c , cly lm cl , c k l cy, l c c, l cc-
, m ml m kll, l w ( , $5.50). F w - x w , - , k ll ll . Ty ll lly k -
, w x w. Ncc l ck k ll l m, l l mly ll lmly c mly w w q .
A x w w . S , w,
u, ul l - w x l wul xl z, ll . B , , . O, ww , u pu, u wul x , w,
w, w w .
I, l m , l l-k-, c k . A ll xl ml cy l l cl
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Eugen von Bhm-Bawerk 39
mly, , m c , c,w, , w
cl m , c q w .T y c c ll l lw x x ( cl m) l m w , -
, w, , w w w. T ,, w w w , - , .
A w m ly, clly l
pl upl w w, w x -l pu, w pl pu u u w, q.12 N, w q . C m m c ll ly , , ,
, , w .T w w m y m . T, c, m z c. T m my pl l, . I w w x l; ll w w pl p
12 T, w w w , w w , , I w Positive Teory o Capital, B VI, C X.
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Control or Economic Law40
w w w ; -
c, ccl m c m j q w . T l c ll m c .
Il cl cm c m , w , f - ll qull. Bu l ul
w ly cc cl, ll mxp, , pull w l pp u p l u x . A , , x w w, w w , . I
w , z x - . Nw, l cm m m kly, yclcl mm cm l m k cl; l cl l x
, , w l, l . A cl: c ly m cm- w w w , .., !
T k c my c- . B u u ul. W ll ml ll c, mk xml . T m mlycl mc ll clly x,
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Eugen von Bhm-Bawerk 41
, w , , -
. T q , w w , , w . T , , . A wly m c l m cy .
O l l m y , w w
within , w, w x, w . Bu plc c w, u , pl , w l u u; , ,
, w , w , w x w. A , w m c c c c w q, w l plx, w pl , , .13
I I w w w w, I z, , l m l l , l y l, my c c c, my , - w .
L q w ll ml c ( l ), , w .
4. It is obvious without any further discussion that such extremelyhigh wages cannot endure, w cl l l l
13 S Positive Teory o Capital.
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Control or Economic Law42
kcy, l mly y m m w. (S .)
5. Nor can the wage level following next, lly , m c mly c, - w , w , x. I m, mll l m l l lmly cl , 5 w w 4; w , c c l l - , .
6.Te greatest theoretical interest attaches to the next-followinglevel of wages: c c, c , ?
L w q. W - , w ,
l mk c m lk l (m), ?
T w pll, N! Epu wk ww pl wul u ul l w w , w w w , w 5 .
N w w w w w w pl l u u u . Oc cl , my c w w , w wwl l l c . T w - , w , u l l k. A - w, , qulz u k pl (ll l) wul ul l p -m lm l cl .
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Eugen von Bhm-Bawerk 43
T w x , .
T qu u u u llw: C w pl w,u pu pl k, k w , ? I w, w w , w ?
T fcl ll m cl-
w w , , total partial .
I l, w xp l , , xc ll m. T c c , , wul l p p- , w . I , , , - , w, w - , w . B w w - , q w x ,.., w ,
.
Bu u uppl pl w u, w cl. L m mm clly - , .., x w , w . T q w x . T w - -, , m c, cl l mk l l, w w , w
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Control or Economic Law44
, , x - .
T - pu p p wul x; x . B w , , , , w
. I w, w, - w w, . F x, pl u, u u, wul w - w.
I, w w w m l c .14 F,
, w ,wll pl u p l w wll u p pl u pl x ; p, w , , pl , ,
, w I Posi-tive Teory o Capital.15
Bu l wll pp. T ju- p pu wll l l l-, w w . T
14 I k cc m c l l c l c k l m; , , w w w w .
15 B VII, C III.
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Eugen von Bhm-Bawerk 45
, w - , w
l p pu pl ll. Fl c, mcy cw , jly y y c l,, m, y y . T c- , c c m ly c l- p pu, ul w ul k
w w q ,lk deus ex machina, ccl m y ck- l m. B l ml m m k x p pu u x u, , u u. T u l , u w, x w
c x. T ycl cy ll -, w w w c; , mlym k l .16
A l, , c l ll, w q x-l p: T l p l
w w . T w , w, w w - w w ml c . I cl w w . T , w - , w w
16 O j, Positive Teory o Capital, . 451, w I w -, w w w .
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Control or Economic Law46
w ,
ll l m fc m c cm- . B w q x w. A , - q w .
F , l ll l , mly w, . T c c m m-
pu p, wll u upl. w lp pl. B up k my y , c ml mly mm l y cm mly ll k. I c l, w w w, c c y c m k m c-
l, m, m m c, m l . T, w w ; l ; my l , w w - w. B w w ,
l l ll c c ; l , , . T w , y c ; cm-, w , w c ck ll cmclly j ll mlym ll k, .., ml c w .17
17 I ull lz l p pu , w , w x . B, , w w x w . I w
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Eugen von Bhm-Bawerk 47
I, w mly ll k, m c l k lc,
. T w w.
O ;, z w , l ll mlym ll k . B k m mly , . F l cly l l c
, 4 5. B w w , ( w ), - ll c c, ll l , .
M, lm kl y mly cl cmll mly ll k ll m. A ,
l my, lc, ml m mck k. B y m c mlym -l k, l cc k, c m k, c w , w w- .
Fm ll c, c cl ly l m l, I l cml
pl u l, w q . B w,, ?
I u . A ll w x cl ll c xcly m c
w x w , w w w , - . B I w , I w x x, w , j .
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Control or Economic Law48
, . A w
, ; w .18
P w , .B l l l , c c y, I ly m , ,
wu u. T ,
w cl ml c, ll y c -,w w. I , w m, c m c y c ml , w x . T ,
w q , ml c m k, l m- u , ., ul pp u, , w .
E w w l w lu l u, l , w x w , . Tw my c m l, mly m c. I c m jm xc- l lm, ly y y ll, cl l, c m mll m k l cm cm mlym. B does m c c- w x , , ,
18 Cm lm c Cl N Ncy I, . 144 .
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Eugen von Bhm-Bawerk 49
, w ; l mll m mly m
, , , .
A pl l. A I lw , w . I , w, , u, w l pul wll l u-
. O , , , . T w, w , y l, my cc cl c l uu, u u ppul, .
B , . T ,w I , l l, l l x . F x, , , q . T u l l u , u ul , l w lu . I u , , w, w ccl mm m c-, j w pwul ul p. O pp w w w w ppul, l wll, . Nw, ul l l lp- w , w, x , q x -y, m c mly. T l ll mq, x w
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Control or Economic Law50
, .., x . B , w
c, ml xc y cy, , . B w ww, l my c m ly cl ly, c., w w w .
T , w, w q x w , -
. T , w, w l w l pu, l ,u w l . O l , w, u p. T l w w w. I , w, l , c , c c ml cy l, c
l m ll, ly m w, w w. I , z .
B , w, , I c ly, mll, , ccl m-, x.
7. In the scale of the possible wage rates, , w w w w w , w w, x , w w x , w . F w w w , w w j c.19 T l k mly m
ml c; c ly ll m l pu. T w pu w w j q
19 A w .
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Eugen von Bhm-Bawerk 51
ml c, ccly m m m c - w,
u pl. Nw, w , w
w, w. T , w, x w . S , w j w , .20
T w x l pu wll
x , w .
F w w w w , , w,
, w, . T q, , w
w q, . T w
w w , w w, .
T l m l k mlyw z , w
l. T my m m c z w w w ; my lm xc m, l lcc cc l ll. M, l
z c m k ll c ccl m. I x l q , , q.
20 I w , u, I pupl ll u l w w xz. I , w, z w -, , w I w , .
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Control or Economic Law52
D c , , c l c- , w ,
w upw ww w ll, ; w u wll l w u ppl u w w . w ; w , w -, . A w
w , w , w , w- w w , x . F , w pl l pu, pll, w wul l u . A lu l , ,
w m l , c l m fcl- . Hw, , , x, w w q w w may may not x .
A , I l fmly. I
k ll my l ll ly m y pp, I wll u lp l, uw w . I w w mcl cc my l c w w, w z , w w, z w.
B I I j. I w cc m m l l cc l l cmc cc l c . O , I do , - , w, I not
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Eugen von Bhm-Bawerk 53
; w w
-, I y m my l ly m -, .
I , -, m l, m c xc m m, l- - w z c y m c c . I c c- x ,
c c, x c, w .
I , q , pl p pu, wll p , w w , j , x,
x . I, , w x c l c l c m , w w w , w w, w -, , - , x ; , ,
l- l l ll l w, , .
T l l cmc l, mly l , c c, cmc l- c k , , w w , -. I I do z w , , - x, . A I w m mly, c mly cl l , m c
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Control or Economic Law54
. T w I
q x . I , , x w w w w w-z .
B l y m m, I ll c mmmz l my : mly l, c -, -, c. U c c c my cm m,
w z cl ly c l y m l. T, , w ml c, ly w w below their w.Fm, cmc lm ly m l, cl l l , w q w , . F, mly lly ccl l c l c, , . T -cy, , ll ly cc ly xc l l, x w , w:F , , w w j , , , w.
B m cl c , , my , w w, , w - ,
w .A, I ,
m m c ll ccml:It can never efect anything incontradiction to the economic laws o value, price, and distribution; it must alwaysbe in conormity with these; it cannot invalidate them; it can merely confrm and
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Eugen von Bhm-Bawerk 55
ulfll them. A , I , , , .
B c jc I c, mly ll m-cl c ccl xc k l ?
Wll, p l, uppl u u-. F w , w w, , x. I uul , l z ll u
c l , c cm m - m k . U c c,w z j zw q, w , , z w. T l ll xl clly m c z z .
A c my c , c w w , z w, w uz l. A, ll, ul lk z . F q w z w, w z
uz l w w kll kll l. T m, y l cmc l, m- w w. T w z , x, wx .
M, , , , , w uul l l w . T, w x w w, , lly ml y ly llyw , w I
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Control or Economic Law56
. I y c ly m cc m- w, j ,
w , w w .
A cl l c my ly xl y cm c my ly: A , c c y l k. B y y cl m cw , z ,
w , . B w w w w w , w w , l p p, , lw p, w , my l ly M w .
A w -
w , w ll. M w u k ulz, w , . w x q u, w l lu p , p w l q , q. P I w
c m y cl c w . I cl m m cc; ly , , c - q , w I , ; .
I , w I x , , , . , w, , w , qu l . T ulw ul l u wl ,
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Eugen von Bhm-Bawerk 57
j: - w; -
, w . W w , , w j, , f w , z w w .
I w , w . J B C, w I q, w
I -, , , , w .21
F w -l c c cm c, w , w q w .
Fcl xl l l w, , , .
Pl , , xl z c -l ml m l c w , w , , .
F x w w, w
, .; x , - w $100,000 j w w w- , , w -, x , w $1000 j w w w w.
F x w ; l ly cl, mc-lk c, l-
w , x , , q c y c l l c. T my jc
21Distribution o Wealth, . 5.
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Control or Economic Law58
, j w , unctional.22
T I . A , , . S w w , w .W m cy l ll
, , , , q w - w w w u. A l ul u wp y, c c c mm cy y , , , w, w,
w , q , w .
22 T w .P ; w, , p, k , ll w . C,Distribution o Wealth, . 5.
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