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…
Ep. 471 Reaction to Eric Weinstein on Gauge Theory in Economics
Adam joins Bob in reviewing Bob’s recent conversation with Eric Weinstein, on his work (with Pia Malaney) in applying gauge theory to economics. Bob argues that neoclassical economists but also Austrians should consider Eric’s bold proposals. Mentioned in the Episode and Other Links of Interest: The YouTube version of this conversation. This episode’s sponsor, the Scott Horton…