Episode 26 - The Wealth of Nations 1.5 - Real and Nominal Price
We're back with Book 1 Chapter 5 of Adam Smith's …
Okay, Let Me Tell You Why You're Wrong: A Podcast for Understanding Economics · Dave Yost
March 9, 201840m 12sExplicit
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Show Notes
We're back with Book 1 Chapter 5 of Adam Smith's The Wealth of Nations. This week we're talking about Real Price and Nominal Price as Adam Smith describes them as well as what Smith feels is the constant measure of value. It's deep stuff and involves a Karl Marx impersonation.
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