Jun 12, 2007

2. Exchange and Demand

from Fundamentals of Economic Analysis: A Causal-Realist Approach Hosted by Joseph T. Salerno

All action is really exchange. What the actor prefers less is exchanged for something he prefers more, including gift giving. It is a fallacy to say that the goods exchanged have equal value. Salerno also covers elastic and inelastic demand. The second in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach. Download the MP4 video.

Episode details come from the podcast's RSS feed.

Embed this episode

Attribution link and audio player

What this episode covers

All action is really exchange. What the actor prefers less is exchanged for something he prefers more, including gift giving. It is a fallacy to say that the goods exchanged have equal value.

Ready to play

2. Exchange and Demand

No transcript yet.

Requests help us decide what to transcribe next.

Share this episode

Similar podcasts

French Your Way Jessica: Native French teacher founder of French Your Way Boost your French listening skills and test your comprehension with this one of a kind series of podcasts. Get the chance to listen to a real conversation between native speakers talking at normal speed AND customise your learning experience through carefully designed sets of questions (2 levels of difficulty) available for download at www.frenchvoicespodcast.com. All interviews also come with the transcript. French teacher Jessica interviews native speakers of French from around the world who share a bit of their life and passion. Where else would you meet in one same place a French yoga teacher based in Melbourne, a soap manufacturer from Provence, or a couple cycling around the world?

Frequently asked questions

When was this Fundamentals of Economic Analysis: A Causal-Realist Approach episode published?

This episode was published on June 12, 2007.

Can I download this Fundamentals of Economic Analysis: A Causal-Realist Approach episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.