34 min listen
Episode 12: The Price System
ratings:
Length:
42 minutes
Released:
Nov 28, 2021
Format:
Podcast episode
Description
An examination of how the price system works, including an introduction to supply and demand theory, and the concepts of clearing the market and surplus maximisation. I also look at how the price system promotes efficiency helps to regulate economic activity. I conclude with a discussion of how prices store and communicate economic information.
If you enjoyed the podcast please consider supporting the show by making a paypal donation or becoming a patreon supporter.
https://www.patreon.com/jamesfodor
https://www.paypal.me/ScienceofEverything
If you enjoyed the podcast please consider supporting the show by making a paypal donation or becoming a patreon supporter.
https://www.patreon.com/jamesfodor
https://www.paypal.me/ScienceofEverything
Released:
Nov 28, 2021
Format:
Podcast episode
Titles in the series (100)
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