The "What is Money?" Show cover image

A Theory of Socialism and Capitalism | The Stephan Kinsella Series | Episode 1 (WiM207)

The "What is Money?" Show

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The Marginal Theory of Value

Value can only be understood when demonstrated through action, right? When someone res engaging in an action, they are implying that they value whatever said action is above their alternatives. That's where the economic concept of opportunity costumes and opportunity cost comes into play. And this is relatively new, ither submit 18 hundreds, marginalism or the marginal theory of value.

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