Ask Isaac: Marginal Utility for Beginners

In this episode I answer a very simple but incredibly important question from listener Steve Thomas:

  • Please explain the theory of marginal utility and give a few practical examples.

Through riddles and illustrations I try to make the ideas of value subjectivity and marginal utility easy to understand and recognize in everyday life.

Got a question? Ask here.

This and all episodes are available onĀ SoundCloud, iTunes, and Stitcher.