Foundations of Economic Thinking: From Smith to Supply & Demand
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Foundations of Economic Thinking: From Smith to Supply & Demand
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About this listen
In this episode of Echo Verse AI Originals by Khaled Alzahhar, we journey through the essential building blocks of economic thought. Beginning with the philosophical underpinnings of resource allocation, we contrast the ideologies of Adam Smith and Karl Marx before diving into the practical mechanisms that govern our markets today. From the invisible hand of supply and demand to the tangible impacts of government intervention, listeners will gain a concise yet comprehensive understanding of microeconomic principles. Whether you're new to economics or revisiting the basics, this episode offers clarity, context, and insightful examples to illuminate the forces shaping economies.
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