Top 10 insights from economics - EP129

Show host Gene Tunny reviews his top ten insights from economics with Tim Hughes. These include insights regarding specialization and trade, opportunity cost, and the price mechanism, among others. Applications to traffic congestion and climate change, among other issues, are explored. An e-book of Gene's top 10 insights is available to  subscribers of the economicsexplored.com website.  Links relevant to the conversationOn comparative advantage:https://www.economicsonline.co.uk/global_economics/comparative_advantage.htmlhttps://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/scarcity-and-growth/v/comparative-advantage-specialization-and-gains-from-tradeOn California’s emissions reduction scheme:https://ww2.arb.ca.gov/our-work/programs/cap-and-trade-programThanks to the show’s audio engineer Josh Crotts for his assistance in producing the episode. Please get in touch with any questions, comments and suggestions by emailing us at [email protected] or sending a voice message via https://www.speakpipe.com/economicsexplored. Economics Explored is available via Apple Podcasts, Google Podcast, and other podcasting platforms.