William Smart’s translation of Capital and Interest, available for the first time in more than half a century:

Source link: http://blog.mises.org/7330/the-smart-translation-of-boehm-bawerk/
The Smart Translation of Boehm-Bawerk
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{ 16 comments }
Amazing. Can’t wait to get my hands on this.
It’s Dr. Salerno again!
Uh, is this the first volume of Capital and Interest or the full 3 volumes in one?
How is this work different from the work available from the Libertarian Press?
The cover is nicer?
Lower price? Better intro? Better indexing? The privilege of having a book published by the LvMI?
This is so-called volume one, if you are using the Sennholz translation as the measure. It is the original full book by that title — volumes 2 and 3 being The Positive Theory of Capital (live soon) and Recent Literature as 3. This translation was the famous one – and it is so very elegant. I have no reason to doubt the merit of the Sennholz translation except that German reviewers have been very tough on it. All I know is that this version was highly respected and rightly so. Smart was a great economist and a thrilling stylist. The prose is warm and full of life in this translation.
Ok, the Positive Theory is now available too.
Up till now the only source for Boehm-Bawerk’s works has been Libertarian Press. If LvMI wants to put out a definative set of books of his works, more power to them.
My main concerns are that it would help those of us who are not sure what is available to be more clearer with the discriptions. I worry that I might purchase works that are duplicated elsewhere. The B-B works from LP don’t make sense to me. They have C&I as a three volume and single volume work, Basic Principles of Econ Value (which reading the intro, makes me confused if this work was included in C&I), Shorter Classic (which was marked as ‘volume 1′, which means they planned further volume(s)), and 2 extracts from C&I. There is also a standalone volume of “KM & the close of his system” (which is in the Shorter Classics).
Its not clear to me what all B-B did, beyond C&I and BPEV (which I only recently obtained from LFB during their September book sale), which adds to my confusion.
BTW, looks like volume 3 is there also.
Actually, comparing LP to LvMI, LP is cheaper. $57/47 vs $78.
LP is cheaper, so it depends on what you want: The Smart or the Sennholz translation. We offered Sennholz for years, and it is already is wide circulation, but now that it is possible to make Smart available, we’ve done that.
This BB business is indeed confusing but mainly because…well, it should not be confusing at all. In fact, it is not, but the way in which LP has sliced and diced these books over the years does get crazy, so you can’t figure out what’s what.
We pulled “Value and Price” from the catalog because it is merely an excerpt from Positive Theory. The Shorter Classics book is great: extra essays published in scholarly journals (none of them translate by Sennholz). The Basic Principles is a new translation and essential.
What i need to do is put up a better table of contents for the third volume on Recent Literature.
I’m just a ‘casual’ reader of economics, so for someone like me it is very confusing.
LP did 2 extracts from C&I: “Value and Price” and “The Exploitation Theory of Socialism-Communism”. But they made it clear these are extracts, and not additional works, so I don’t condem that.
What is confusing is you have “Karl Marx and the Close of his System” available as a separate work (not sure from who) and as part of the “Short Classics” collection.
What confuses me is if there are more works from B-B beyond what is in C&I and the Shorter Classics.
I like overall that you guys put table of contents in the book descriptions. Page count is nice. I do wish you would add in publisher and data of publication as well.
(what confuses me is that LvM works coming from 3 different publishers that I worry of possible overlap)
Michael what you say about LP is right, and Close of System is indeed a separate work.
Karl Marx and the Close of his System is one work I particularly want to read.
Jeffrey,
I hope you’re still reading this. I heard about the Smart translation – that it was better stylistically than Sennholz’. But I also heard that it wasn’t complete: that it only got to Volume I. I went with the Sennholz LP version because it had all three volumes (and it had a nice cover and print).
Are these three Smart volumes (Capital and Interest, Positive Theory, Recent Literature) the full three volumes of Capital and Interest that Sennholz translated? If they are complete I will buy them as they are better translations. (I still like the Sennholz LP three in one volume casing so I will keep that too.)
Also, the intro to Basic Principles suggests that it’s incorporated in Capital and Interest. Is this the case? I have it but haven’t read it yet. Is it a truly separate work?
Last question – do you know if LP ever published more than one volume for Shorter Classics?
I’m not jeffrey, but AFAIK, the 3 volumes are the 3 volumes of C&I. It would be good to make this clear in the book descriptions on-line, as I wasn’t sure myself.
“Also, the intro to Basic Principles suggests that it’s incorporated in Capital and Interest. Is this the case? I have it but haven’t read it yet. Is it a truly separate work?”
That’s my reading of the intro too, and my understanding of why it was only recently published, while being translated back in the 60s. I was a little annoyed about that, as I was under the impression it was a separate work.
I, too, would love to know if LP will publish further ‘Shorter Classics’ volumes. I would think the first one came out in the 60s, so obviously they planned at least another. Of course, LP may be very small and not have the resources (as witness the exceeding dull cover designs for many of the more recent works…) to do this, but its strange they have yet to do so.
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