S E13: Economic Surplus - Getting the Most out of Life
Think Like An Economist
00:00
Economic Surplus Can Help You Understand How Much Better Off You Are
Economic surplus can help you understand how much better off you are. It also really helps when we start to think about economic policies. When economists say markets fail, that market outcomes don't maximise economic surplus. They aren't efficient. That'll help us evaluate whether a public policy can make us better off in terms of does it create more s.
Transcript
Play full episode
