Think Like An Economist

S E12: When Governments Intervene - Taxes, Price & Quantity Regulations

Oct 6, 2020

17:50

Highlights

AI Chapters

Episode notes

Why Doesn't It Matter Which Side Is Attributed to Pay a Tax?

02:02

Are Government Subsidies Helping the Economy?

02:31

Government Regulates Prices

01:48

Introduction

3min

The Effect of Government Regulations on Prices

2min

Coke - What Happens if You Don't Pass on the Tax?

2min

What's the Difference Between the Market and the Tax?

3min

Why Doesn't It Matter Which Side Is Attributed to Pay a Tax?

2min

Government Regulates Prices

2min

Are Government Subsidies Helping the Economy?

3min

Stop Thinking About the Ways the Government Shows Up

2min

How does government affect the market? And how can a jar of coins help you understand how taxes affect buyers and sellers. Leading economists Justin Wolfers and Betsey Stevenson have written the economics textbook for the 21st century, and share their insight on how the economy is influenced by government.

Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production

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