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168. Available now: Principles of Economics!

The Bitcoin Standard Podcast

CHAPTER

The Importance of Marginal Analysis in Economics

Economics was bogged by what people use to call the water diamond paradox. People can't live without water, whereas diamonds are completely inessential. But once economists started to think in terms of marginal analysis, then this began to make sense. And so that is a very powerful concept which we're going to build a lot of the analysis of the book on as we move forward.

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