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

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Ekonified: Enriching Economics in Every Experience, Event, and Existence

Ekonified Podcasts

16 episodes

1 week ago

Economics is the silent thread weaving through every moment we cherish but seldom see. Ekonified reveals how this subtle force shapes our lives—from bustling cities and the dance of time to human behavior and cultural values. Explore urban economics, understand how time (Chronos) and opportune moments (Kairos) transform destinies, and discover how psychology and sociology steer our decisions. Witness how our stories shape markets and communities. Join Ekonified—a journey where history, philosophy, and economics converge. Subscribe now for insights that will transform your perspective on life.

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

Ekonified: Enriching Economics in Every Experience, Event, and Existence

14 minutes 13 seconds

12 months ago

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

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?