06: Where Do Prices Come From? (मूल्य भन्ने चीज कहाँबाट आउँछ ?)

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The Nepali Economist

Surath Giri

10 episodes

3 days ago

A podcast discussing the principles of economics and their applications in real life, Nepalese economy, history of economic thought, and the world economy.

Social Sciences

Science

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All content for The Nepali Economist is the property of Surath Giri and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

A podcast discussing the principles of economics and their applications in real life, Nepalese economy, history of economic thought, and the world economy.

Social Sciences

Science

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06: Where Do Prices Come From? (मूल्य भन्ने चीज कहाँबाट आउँछ ?)

The Nepali Economist

13 minutes 25 seconds

5 years ago

06: Where Do Prices Come From? (मूल्य भन्ने चीज कहाँबाट आउँछ ?)

Welcome to the sixth episode!

Why are footballers or fashion models paid more than doctors and health workers? Why is life-saving water cheaper than diamonds? Who determines the prices of goods and services? Is it the seller or the buyer? What happens if we try to control prices?

I try to answer all these questions in this episode along with discussing the Diamond-Water paradox and real-life examples from Nepal. Happy Listening!

References Materials:

Where do prices come from? by Russell Roberts

The paradox of Value by Wikipedia

Austrian School of Economics by Britannica

Carl Menger Profile by Library of Economics and Liberty

The Problems of Price Controls by Fiona M. Scott Morton