1. Introduction -- 2. The Austrian Theory of Capital -- 3. The Böhm-Bawerkian Theory of Capital and Interest -- 4. The Hayek Triangle -- 5. Impact of the Decrease in Time Preference on the Structure of Production -- 6. Possibility of Eternal Growth and Comparison with the Neoclassical Growth...

Traces of the Austrian capital theory may be detected in the modern growth theory. Yet, it was not generally accepted as it contains many confusions and unsettled points. This paper tries to clarify some of the misunderstandings that are present in this theory. It clarifies the notion of...