Course video 5: The marginal revolution and Carl Menger

Lynne Kiesling The Marginal Revolution in Economics from Lynne Kiesling on Vimeo. A fundamental question in economics is value theory — where do prices come from, what determents the value of a commodity, product, or good? The classical economists operated with a labor theory of value, but in the mid-19th century, three different economists from … More Course video 5: The marginal revolution and Carl Menger