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26min chapter
Why Ideology is an Incomplete Mythology | Maps of Meaning Series | Episode 5 (WiM421)
The "What is Money?" Show
The Nature of Price and its Distillation of Information
This chapter explores the concept of price and argues that it is neither subjective nor objective. The speaker discusses how price represents the intersection point of objective supply and subjective demand, but fails to account for speculation and forward-looking aspects. They also highlight the role of pricing in abstracting away unnecessary information for easier decision-making.
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