Principles of Economics by Carl Menger

...

Austrian theory..

The subjective theory of value,..,well, it makes sense..

....

Classical & Marxian theory..

The labor theory of value,..makes no sense.

Neo-classical theory..

(taught in universities these days:))

Cost of production theory of value,..makes no sense..

..

https://m.primal.net/LAOt.mp4

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