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'Objective' Value and Cost of Production

  • Audio Mises Daily
January 27, 2011

Tags Philosophy and MethodologyPricesValue and Exchange

It was the physiocrats who broke with centuries of sound economic reasoning and contributed to what would become, in the hands of Smith and Ricardo, a reactionary and obscurantist destruction of the correct analysis of value, writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.

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