Ep. 512 The Rise and Fall of the Labor Theory of Value

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.

Episode metadata supplied by the publisher feed · Published Jun 15, 2026

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Ep. 512 The Rise and Fall of the Labor Theory of Value

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