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KurtOverley's avatar

Murray castigated Adam Smith as a plagiarist of his instructor, Francis Hutcheson, and a poor one at that, whose misunderstanding of the beginning of subjective theory of value helped Marx along the disastrously flawed labor theory of value.

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Jon Miltimore's avatar

Smith got some things wrong. He didn't grasp subjective value, but his ideas did influence the marg rev guys who did.

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Pete McCutchen's avatar

Imagine an alternative history in which this guy became China’s dominant philosophical influence.

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