Why the Labor Theory of Value Is Wrong

About this episode

New Discourses Bullets, Ep. 188 Karl Marx turned an economic idea called the labor theory of value into a theory of resentment and exploitation. The thing is, it's not just that Marx was wrong for adopting the labor theory of value; it's that the labor theory of value itself is also fundamentally wrong. In this episode of New Discourses Bullets, aimed especially at younger listeners, host James Lindsay spells out the failures of both the labor theory of value in general and of Marx's theory of labor resentment on top of it. Join him to learn, and share with younger listeners so they can too. Support New Discourses: https://newdiscourses.com/support Follow New Discourses on other platforms: https://newdiscourses.com/subscribe Follow James Lindsay: https://linktr.ee/conceptualjames © 2026 New Discourses. All rights reserved. #NewDiscourses #JamesLindsay #economics