06: Where Do Prices Come From? (मूल्य भन्ने चीज कहाँबाट आउँछ ?)

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