In the latest episode of the IEA Podcast, IEA Communications and Public Affairs Officer Kieran Neild-Ali sat down with IEA Head of Political Economy Dr Kristian Niemietz to discuss the labour theory of value.
Many economists subscribed to the labour theory of value, which argued that a good’s value derived from the amount of work that went into making it.
The theory has since been unravelled and replaced in the last century by a different theory produced by the Austrian School of economics.
But the theory is still an important topic of discussion as it was the basis of Marx’s critique of capitalism. And many detractors of capitalism still use the labour theory of value .
Should union striking be restricted? | IEA Podcast
Is our energy market broken? | IEA Podcast
Are tax cuts inflationary? | IEA Podcast
Live With(out) Littlewood | Alys Denby, Mark Johnson, Christopher Snowdon + more! | Ep.66
Pints and political economy
Who are the right allies for classical liberals? | Markets and Morality | Ep.22
The Swift Half with Snowdon ft. Mark Schrad
Should Meta have been forced to sell Giphy?
Live withOUT Littlewood | John Penrose MP, Danielle Boxall, Tim Montgomerie + more! | Ep.65
Questioning the Entrepreneurial State
Should the UK have a codified constitution? | Markets and Morality | Ep.21
The Swift Half with Snowdon ft. Julian Jessop
Identity politics: What happened to individualism?
In Conversation with Deirdre McCloskey
Live with Littlewood | Andrew Lilico, Emma Webb, Matthew Lesh and Andy Mayer
Should classical liberals support NATO expansion? | Markets and Morality | Ep.19
Live with Littlewood | Claire Fox, Lucy Harris, Darren McCaffrey and Victoria Hewson | Ep.63
Business sentiment and economic outcomes
The Swift Half with Snowdon ft. Jonathon Kitson
The myth of the ’Post-War Consensus’
Create your
podcast in
minutes
It is Free