We’ll look at direct exchange and the difficulties of barter, and then briefly look at money as an indirect exchange mechanism. Then we will look at how prices arise in voluntary trade.
Come On Down!
Viewings
420 - https://www.youtube.com/watch?v=ZHdjqsSSa_A
Sixty-Nine Dollars - https://www.youtube.com/watch?v=i4vgA2LtH-8
The economics of price gouging - https://www.youtube.com/watch?v=h9QEkw6_O6w
Money and Prices - Salerno - https://mises.org/library/9-money-and-prices-0
Listenings
You Gotta Go For What You Know - https://youtu.be/MH5UC5evzWY
Value, Utility and Price - Herbener - https://mises.org/library/value-utility-and-price-2010
Readings
Economics for Real People - Chapter 4, Let’s Stay Together - https://mises.org/library/economics-real-people
An Introduction to Austrian Economics - Chapter 5, The Market and Market Prices - https://mises.org/library/introduction-austrian-economics
Subjective Value and Market Prices - Murphy - https://mises.org/library/subjective-value-and-market-prices
Do We Want High Prices Or Low Prices? - https://mises.org/library/do-we-want-high-prices-or-low-prices