Brian Albrecht and Josh Hendrickson | What is Price Theory?

<p><em>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 <a href="http://pricetheory.substack.com" class="linkified" target="_blank">pricetheory.substack.com</a></em><br/><br/>Welcome to Episode 12 of the Economic Forces Podcast! We change things up by having a conversation between us about &#8220;what is price theory?&#8221; We point to a few central themes: exchange, competition is everywhere, opportunity costs, the value of simple models, and markets clear somehow.<br/><br/>Previous Newsletters Discussed<br/><br/>Josh: <a target="_blank" rel="noopener noreferrer nofollow" href="https://pricetheory.substack.com/p/those-pesky-transaction-costs">Those Pesky Transaction Costs</a><br/><br/>Brian: <a target="_blank" rel="noopener noreferrer nofollow" href="https://pricetheory.substack.com/p/markets-must-become-competitive">Markets Must Become Competitive</a><br/><br/>Brian on <a target="_blank" rel="noopener noreferrer nofollow" href="https://pricetheory.substack.com/p/reader-questions-on-price-taking">why monopolies must compete</a><br/><br/>We hope you enjoy the conversation and consider becoming a paid subscriber. <br/><br/>You can listen above or on your favorite podcast app. If you don&#8217;t see Economic Forces on your podcast app, try adding the following RSS feed directly: <a href="https://api.substack.com/feed/podcast/86578.rss" class="linkified" target="_blank">https://api.substack.com/feed/podcast/86578.rss</a>.</p> <br/><br/>Get full access to Economic Forces at <a href="https://pricetheory.substack.com/subscribe?utm_medium=podcast&#38;utm_campaign=CTA_4">pricetheory.substack.com/subscribe</a>