Quickie: Cost Theory of Value


First published at 15:05 UTC on October 3rd, 2018.

Another major economics fallacy, right up there with sunk costs and zero sum, is Cost Theory of Value, and the even more idiotic Labor Theory of Value.

Carl Menger: Principles of Economics https://mises.org/library/principles-economics

Alfred Ma...

CategoryNews & Politics
SensitivityNormal - Content that is suitable for ages 13+