17.1 Labor Theory of Value vs Subjective Marginal Value || Matthew Mežinskis

from Join the Wasabikas - a Bitcoin Privacy Podcast · host Wasabi Wallet

Matthew explains why the labor theory of value is a flawed idea that leads to great destruction. Karl Menger established the subjective marginal value which is observed in the act of individuals exchanging goods and services. The source of value is not labor, or some bureaucracy planning board, it’s the subjective demand of individuals who seek to improve their situation. Watch all Highlights: https://youtube.com/playlist?list=PLPwc75tPMdsjpqK1YHYYG5b55M6Y--6Qd Watch all full episodes: https://youtube.com/playlist?list=PLPwc75tPMdsixsuhwau82Q0IfxECo0z_E Website: https://WasabiWallet.io Blog: https://blog.WasabiWallet.io Documentation: https://docs.WasabiWallet.io GitHub: https://github.com/zkSNACKs/WalletWasabi Podcast: https://anchor.fm/Wasabikas YouTube: https://youtube.com/c/WasabiWallet

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This episode was published on May 31, 2021.

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