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Adam Smith

Corey Robin on the Late Burke and the Problem of Value

Readers of this blog, especially those with an interest in the history of economic thought, will want to check out friend-of-the-blog Corey Robin’s new piece in Raritan, “Edmund Burke and the Problem of Value.”  For the moment, at least, it’s unpaywalled and available online.[1] Corey sees three late writings of Burke – A Letter to a Noble Lord, Letters on a Regicide Peace, and Thoughts on Scarcity – as putting forward a novel, if ambivalent, theory of value that is at odds with Adam Smith’s labor theory of value that dominated late 18th-century political economy. Burke shifts between arguing the Read more