Season 1, Episode 5: “The Hidden Hands of Value: Why Scarcity and Desire Rule the Marketplace”

from Ekonified: Enriching Economics in Every Experience, Event, and Existence · host Ekonified Podcasts

In “The Hidden Hands of Value: Why Scarcity and Desire Rule the Marketplace,” we venture into one of economics’ most puzzling mysteries: Why are life essentials like water often undervalued, while luxuries like diamonds are priced so high? Building on our exploration of labor, trade, currency, and institutional power, this episode reveals the unexpected forces behind value perception. Through tales of Tulip Mania and Beanie Babies, and the rise of digital phenomena like NFTs, we uncover how scarcity, desire, and psychology drive markets to surprising heights. Ready to see how perceptions shape worth?

Episode metadata supplied by the publisher feed · Published Nov 13, 2024

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Season 1, Episode 5: “The Hidden Hands of Value: Why Scarcity and Desire Rule the Marketplace”

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This episode was published on November 13, 2024.

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