• 3. The Determination of Prices

  • Jun 12 2007
  • Length: Less than 1 minute
  • Podcast

3. The Determination of Prices

Listen for free

View show details

  • Summary

  • What determines market prices? Buyers and sellers must know of feasible trades. They can learn from their mistakes. They prefer higher profits to lower profits. They think in discreet terms. Both participants win in market exchanges.

    Prices allocate resources to their highest uses. It is welfare-maximizing in any meaningful way. Prices are signals. Prices provide feedback to entrepreneurs about the quality of their forecasts.

    The third in a series of ten lectures, from Fundamentals of Economic Analysis: A Causal-Realist Approach.

    Download the MP4 video.
    Show More Show Less
Show More Show Less

What listeners say about 3. The Determination of Prices

Average Customer Ratings

Reviews - Please select the tabs below to change the source of reviews.

Audible.com.au reviews

Amazon Reviews
No Reviews are Available
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.