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

The Human Action Podcast
The Human Action Podcast
Episode • Aug 23, 2024 • 1h 5m
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: https://Mises.org/HAP462a
Human Action Podcast Episode 460, “What Does Say’s Law Really Say?”: https://Mises.org/HAP462b
David Ricardo, On the Principles of Political Economy and Taxation: https://Mises.org/HAP462c

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