Episode 24 - The Wealth of Nations 1.4 - Origin and Use of Money
Okay, Let Me Tell You Why You're Wrong: A Podcast for Understanding Economics
English - February 23, 2018 07:37 - 41 minutes - 47.1 MB - ★★★★★ - 17 ratingsEducation Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Episode 23 - Moral Hazard
Next Episode: Episode 25 - Monopoly
We just keep plugging along with Adam Smith's The Wealth of Nations this week where we are starting to get into more exciting (your concept of excitement may vary) territory with Book 1 Chapter 4: Of the Origins and Use of Money. I walk you through Smith's history of money, from dried cod (yes, for real) to coined money, and offer up some hot takes (about 200 years old) on the core concepts of valuation.
If you want to tell me why I'm wrong, join the conversation at our Facebook group at:
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