Bob quotes from David Ricardo to show that the classical economists understood that utility was essential to explaining market value, but then he also explains why the Marginalist Revolution was a scientific advancement.

• Bob's Journal of Libertarian Studies Article on The Labor Theory of Value: Mises.org/HAP462a
• Human Action Podcast Episode 460, "What Does Say’s Law Really Say?": Mises.org/HAP462b
• David Ricardo, On the Principles of Political Economy and Taxation: Mises.org/HAP462c

For the next two weeks only, get a FREE copy of Dr. Per Bylund's How to Think About the Economy: Mises.org/HAPodFree