Brian Albrecht and Josh Hendrickson | What is Price Theory?

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Welcome to Episode 12 of the Economic Forces Podcast! We change things up by having a conversation between us about “what is price theory?” We point to a few central themes: exchange, competition is everywhere, opportunity costs, the value of simple models, and markets clear somehow.

Previous Newsletters Discussed

Josh: Those Pesky Transaction Costs

Brian: Markets Must Become Competitive

Brian on why monopolies must compete

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