'Objective' Value and Cost of Production

Tags: Philosophy and Methodology, Prices, Value and Exchange

01/27/2011 Murray N. Rothbard

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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