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Listen "Season 1, Episode 5: “The Hidden Hands of Value: Why Scarcity and Desire Rule the Marketplace”"
Episode Synopsis
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?
More episodes of the podcast Ekonified: Enriching Economics in Every Experience, Event, and Existence
Season 2, Episode 8 - Economics of the Inevitable: How Costs Collapse Markets and Build the Future
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Season 2, Episode 5 - Elasticity Hacks: The Economic Superpower That Decides If Prices Rise or Fall
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Season 2, Episode 4 - Rationed, Rigged or Right: Who Sets Prices, Who Benefits, and Who Loses
09/02/2025
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