Episode 06: Where Do Prices Come From? - Listen - The Nepali

Episode 06: Where Do Prices Come From?

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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

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The Nepali Economist

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