The Rise and Fall of the Labor Theory of Value

Podcast: Bob Murphy Show · Robert Murphy

Opublikowano: 2026-06-15

Relying on his Journal of Libertarian Studies review essay of Kevin Carson' book on mutualism, Bob first explains--and then critiques--the labor (and cost) theory of economic value. This was not exclusively a Marxist idea; it was held by Adam Smith and other classical economists. Mentioned in the Episode and Other Links of Interest: Bob's paper in the JLS critiquing the labor theory of value.This episode’s sponsor, the free Plan-B guide from ExPatMoney.Help support the Bob Murphy Show.