The Science of Everything Podcast

Episode 12: The Price System

11.28.2021 - By James FodorPlay

Download our free app to listen on your phone

Download on the App StoreGet it on Google Play

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

More episodes from The Science of Everything Podcast