The price of everything and the value of nothing

Economics is Fun Series – Part 1 – Value

This is the first in a series of short videos on the basic concepts of Economics, produced by the Adam Smith Institute and featuring the eccentric but rather brilliant Dr. Madsen Pirie. I’ll be posting more quick videos from this excellent series over the coming weeks.

First up, why objects have no value and what Marx got wrong about labour.

For those of you who are interested in finding our more about Madsen Pirie, I’d suggest his Economics Made Simple followed by the (more fun) and provocative How To Win Every Argument.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s