71: Tradeoffs

On this episode, we chat about how to use simple economic principles to become more productive and intentional. Topics covered include:

• What economics even is;
• What an “economic tradeoff” is;
• The “opportunity cost” of our time;
• The costs associated with our decisions;
• Recognizing our “sunk costs”;
• How to “think along the margins.”

Links mentioned in this episode:

• “Bakeonomics” blog
• Thinking on the Margin & Birthday Cake

You can listen (and subscribe) to the podcast below!

The post Podcast: Thinking using economics to become more productive appeared first on Chris Bailey.