Episode 12: The Price System
The Science of Everything Podcast - A podcast by James Fodor
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
