We examine economic themes surrounding the superhero Captain America. When Steve Rogers became a super soldier, his production and consumption opportunities were expanded greatly, and yet the effect on his lifetime realized utility seems ambiguous. We explore the possibility that Captain America...

Many commentators claim Adam Smith failed to realize that no objective standard of value exists. Instead, he adhered to the labor theory of value. Like others, we argue that in the The Wealth of Nations Smith discussed the “early and rude state” in which the labor theory of value made some...