Latest / Tales of Life: Ordinary People, Extraordinary True Stories
Supply and Demand, Explained by the Man Who Made It Famous | A Life Well Lived
Every life has a story. Start writing yours: https://talesof.life
(04:31) Both blades in everyday life
(03:22) Moving the whole curve
(02:30) Marshall's scissors
(01:50) Supply
(01:00) Demand
(00:00) The strawberry mystery
Why does a box of strawberries cost almost nothing in July and several times as much in January? Lesson 1 of A Life Well Lived explains supply and demand the way Alfred Marshall taught it in Principles of Economics (1890): two simple lines, one pair of scissors, and the price where they cross. You'll learn what demand and supply are, why a change in price moves you along a…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.