The Marginal Revolution and the Birth of the Austrian School- Austrian Economics with Steve Horwitz

In the Marginal Revolution, economics abandoned the cost-of-production theory of value used by the classical economists in favor of the modern, marginal theory of value. This new theory said that value, and prices, depend on the usefulness to an individual consumer of an additional unit of a good, as opposed to the usefulness of the entire stock of the good. One of the three economists who independently arrived at the marginal theory of value was Carl Menger. Menger is the first Austrian School economist, and his emphasis on the subjectivity of economic value remains a big part of Austrian economics today.

[paranoidandroid]

The best example of a marginal value is pizza.
The first slice is much more valued than the offered slice after you had your fill.

[GGilbertProduction]

Three testcard faces a row. That's the meme. ×DDD

[Cs-hpru]

This is a great lecture but the music was way too loud.

[GG-eceg]

You guys show up on my feed all the time that's cuz I have it personalized but I just wanted to let you guys know that I'm I can watch it here if I go straight to your page but underneath my notifications on YouTube it said that you guys had removed it it just goes to blank screen so I clicked on it I did it three or four times just to see if it was just a glitch but YouTube telling me that you guys took this down so if I didn't actually pursue it and find it as go to your page and look it up I would just would have considered that YouTube was correct in that you guys did take it down for some reason just giving you a heads up sorry if it's not proofreading I did the text to talk and kind of in a hurry