1.1.1.7. A good is not better because it is more necessary. - podcast episode cover

1.1.1.7. A good is not better because it is more necessary.

Sep 26, 20211 minSeason 3Ep. 9
--:--
--:--
Download Metacast podcast app
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

"Many economists claim that in any free exchange each party must think that they are getting something better out of the deal. But people are not such fools. A widow who sells her wedding ring in order to buy food is fully aware that her ring is better than the food, but she also realizes that food is more necessary. Far from being pleased at the ‘free’ exchange giving her something better, she is sad that cruel necessity forces her to exchange the better for the worse."
For the best experience, listen in Metacast app for iOS or Android