# Ep. 512 The Rise and Fall of the Labor Theory of Value

Page: https://stenobird.com/podcast/bob-murphy-show-550403/ep-512-the-rise-and-fall-of-the-labor-theory-of-value
Text version: https://stenobird.com/podcast/bob-murphy-show-550403/ep-512-the-rise-and-fall-of-the-labor-theory-of-value.md
Podcast: [Bob Murphy Show](https://stenobird.com/podcast/bob-murphy-show-550403)
Published: 2026-06-15T13:00:00+00:00
Episode link: https://www.bobmurphyshow.com/ep-512-the-rise-and-fall-of-the-labor-theory-of-value
Audio file: https://episodes.captivate.fm/episode/a4beb566-3ac1-4ab3-9594-b400598efef6.mp3
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JSON: https://stenobird.com/v1/public/podcasts/bob-murphy-show-550403/episodes/ep-512-the-rise-and-fall-of-the-labor-theory-of-value
Duration seconds: 2145

## Resource

Relying on his Journal of Libertarian Studies review essay of Kevin Carson' book on mutualism, Bob first explains--and then critiques--the labor (and cost) theory of economic value. This was not exclusively a Marxist idea; it was held by Adam Smith and other classical economists.

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## Transcript

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