You are listening to the Economic Forces Podcast, a free weekly newsletter on economics, especially price theory, without the politics. You can support our newsletter by signing up at pricetheory.substack.com Welcome to Episode 12 of the Economic Forces Podcast! We change things up by having a conversation between us about “what is price theory?” We point to a few central themes: exchange, competition is everywhere, opportunity costs, the value of simple models, and markets clear somehow. Previous Newsletters Discussed Josh: Those Pesky Transaction Costs Brian: Markets Must Become Competitive Brian on why monopolies must compete We hope you enjoy the conversation and consider becoming a paid subscriber. You can listen above or on your favorite podcast app. If you don’t see Economic Forces on your podcast app, try adding the following RSS feed directly: https://api.substack.com/feed/podcast/86578.rss. Get full access to Economic Forces at www.economicforces.xyz/subscribe