Adam Smith, The Economics of Supply and Demand, and The Great Garlic Price Hike in China
Description
Dive into the foundational theories of Adam Smith, the father of modern economics, in this enlightening episode of "Money Mavericks and Mayhem." Join hosts Adri Bleier and Ryan Duchak as they explore Smith's groundbreaking insights into the economics of supply and demand, a principle that continues to shape global markets today. The episode also features a deep dive into the Great Garlic Price Hike in China, a compelling case study that illustrates the dramatic effects of supply and demand fluctuations. Discover how speculative trading and supply constraints led to soaring garlic prices and what this event reveals about market dynamics. Perfect for economics enthusiasts and anyone curious about the forces that drive market fluctuations, this episode unpacks complex economic theories and real-world market behaviors with clarity and insight.
United States
