In this episode, we explore a philosophical topic in the field of economics, taking a look back at the history of the different theories of value. Value has always been at the heart of economics even while being a more abstract, difficult to measure notion. Our ideas about value have changed over time, but its significance for economic decision-making and policy is still very relevant today. We also examine the arguments in a relatively recent book on economic value: The Value of Everything: Making and Taking in the Global Economy, written by Mariana Mazzucato.
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