• The Classical Economists’ Theory of Value Was More Sophisticated than You Think

  • Aug 23 2024
  • Length: Less than 1 minute
  • Podcast

The Classical Economists’ Theory of Value Was More Sophisticated than You Think

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  • Summary

  • Bob quotes from David Ricardo to show that the classical economists understood that utility was essential to explaining market value, but then he also explains why the Marginalist Revolution was a scientific advancement.

    • Bob's Journal of Libertarian Studies Article on The Labor Theory of Value: Mises.org/HAP462a
    • Human Action Podcast Episode 460, "What Does Say’s Law Really Say?": Mises.org/HAP462b
    • David Ricardo, On the Principles of Political Economy and Taxation: Mises.org/HAP462c

    For the next two weeks only, get a FREE copy of Dr. Per Bylund's How to Think About the Economy: Mises.org/HAPodFree
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