“One of Rothbard’s greatest accomplishments in production theory was the development of a capital and interest theory that integrated the temporal production-structure analysis of Knut Wicksell and Hayek with the pure-time-preference theory expounded by Frank A. Fetter and Ludwig von Mises. Although the roots of both of these strands of thought can be traced back to Böhm-Bawerk’s work, his exposition was confused and raised seemingly insoluble contradictions between the two. They were subsequently developed separately until Rothbard revealed their inherent logical connection.”
–Joseph T. Salerno, Introduction to Man, Economy, and State with Power and Market
Follow Circle Bastiat
“The integration between temporal-production-structure with the pure-time-preference theory” is being explained by Mises´s “Human Action” (page 95) Chapter V Time ” What distinguishes epistemologically the praxeological system from the logical system is preciselly that it implies the categories both of time and causality”.
I am thinking that the foundation of Mises´s argument porceeds from Kant (“The Critique of Pure Reason”, Transcendental Doctrine of Elements, Second Part)
Signed by iosele kantmises@yahoo.com.ar