By Eugen von Böhm-Bawerk, William Smart
Translated with a preface and research via William shrewdpermanent
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Additional resources for Capital and Interest: A Critical History of Economical Theory
Obviously it is the latter alone which corresponds with the character of the Use theory What then is the objective use of goods? AOE This is strictly an economic ns well as a physical conception ; its 221-222 application in regard to "ideal" goods Material Services (Nutzleistungen) an appropriate name for this function of goods . 223 Inferences from this concertion. Every economic " good " must be capable of rendering material services, and ceases to be a good on the exhaustion of this capability 224 But the number of services which a good may render varies.
Definitions of Say, Hermann, Knies, Schaffie These definitions, in correspondence with popular usage, are divisible into two conceptions-a subjective and an objective. Obviously it is the latter alone which corresponds with the character of the Use theory What then is the objective use of goods? AOE This is strictly an economic ns well as a physical conception ; its 221-222 application in regard to "ideal" goods Material Services (Nutzleistungen) an appropriate name for this function of goods .
Each of them, as might be expected, had its circle of adherents, larger or smaller, who gave it the faith of full conviction. But each of them omitted considerations enough to prevent its being accepted as a completely satisfactory theory. Still even those theories which could only unite weak minorities on their side showed themselves tenacious enough to resist extinction. And thus the present position of the theory exhibits a motley collection of the most conflicting opinions, no one of them strong enough to conquer, and no one of them willing to admit defeat; the very number of them indiciting to the impartial mind what a mass of error they must contain.