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The concept of "free" in Böhm-Bawerk's economic theory remains relevant in contemporary economic discourse:

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This difference in value—the "agio" or premium placed on present goods—is the origin of interest. When a business owner borrows money (a present good) to invest in machinery, they are willing to pay back a larger sum in the future because the immediate capital allows them to start a production process that yields even greater returns over time. The concept of "free" in Böhm-Bawerk's economic theory

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Free access to Böhm-Bawerk’s diagrams shows that indirect, longer production methods yield greater output per unit of input. This is the bedrock of modern supply-chain analysis and venture capital strategy.

To understand Böhm-Bawerk’s view of "free," we have to go back to a classic puzzle: Why is water, which is essential for life, so cheap, while diamonds, which are just shiny rocks, are so expensive?