Economics is Fun – Price

“No complaint … is more common than that of a scarcity of money.”Adam Smith

Dr. Madsen Pirie continues his series and explains the theory of price.  I do love his bell and his comment, “Wrong question”.  I have to learn to use this when explaining concepts.

So, how do prices relay information?   Let us watch and find out.

 http://www.adamsmith.org/

To continue the series, follow the link https://hessenflow.wordpress.com/2012/03/15/economics-is-fun-specialization/

Advertisements

About Christopher Hessenflow

Christopher Hessenflow is a financial planner in the Chicago area. He works with all sorts of people who are much more interesting than he is. He enjoys his career which lends him time to think and, sometimes, be creative. Chip was born bald.
This entry was posted in Learning Economics. Bookmark the permalink.

One Response to Economics is Fun – Price

  1. Pingback: Economics is Fun- Value | Practical Praxeology

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s