PLAY PODCASTS
2.2. Market Prices
Episode 22

2.2. Market Prices

An Essay on Economic Theory · Mises Institute

December 1, 2014

Audio is streamed directly from the publisher (dts.podtrac.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.

Show Notes

Market prices are determined by the bargaining between suppliers and demanders. Price determination by supply and demand is illustrated with a thought experiment that uses a fixed quantity of a perishable product (i.e., green peas) and known maximum valuations of consumers.

From Part 2: Money and Interest. Narrated by Millian Quinteros.

Topics

Monetary TheoryValue and Exchange