Note 77 — Chapter VI · MCCULLOCH, JAMES MILL AND TORRENS. ANTICIPATIONS OF MARX’S THIRD VOLUME.
Reading edition
In his Capital and Interest, pp. 97-102, Böhm-Bawerk devotes a few pages to McCulloch’s theory of interest, which is interwoven with his theory of value. Böhm-Bawerk concludes: “McCulloch’s utterances on the subject are one great collection of incompleteness, irrationality and inconsistency.” The examples of McCulloch’s reasonings cited by Böhm-Bawerk show the above judgment to be scrupulously just.