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CryptoQuikRead_240 - Rothbard on Utility Theory [Mises.org]
Bitcoin Audible
English - April 26, 2019 21:10 - 23 minutes - 21.3 MB - ★★★★★ - 95 ratingsTechnology Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Today we grab a section out of one of the many incredible works by Murray N. Rothbard to discuss the idea of marginal utility and why money must be a good, and actually is not a unit of measure. As value can only be measured as relational to another good, money follows the same law of diminishing marginal utility. Find out why with our read & discussion of Rothbard's "Toward a Reconstruction of Utility and Welfare Economics" from the incredible library at the Mises Institute.
Check out the full work to dive much deeper into this topic and so much more at Mises.org and the link below:
https://mises.org/library/toward-reconstruction-utility-and-welfare-economics-0#2
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