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Monday, January 18, 2016

We're Still Haunted by the Labor Theory of Value | Steven Horwitz

Thank Goodness for folks like Carl Menger, Stanley Jevons, and others who comprised the "Marginalist Revolution". These individuals laid the ground work to have this Labor Theory of Value debunked. This theory was the foundation for Karl Marx used in his seminal work, "Das Kapital".



We're Still Haunted by the Labor Theory of Value | Steven Horwitz

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