Top 10 insights from economics - EP129

<p>Show host Gene Tunny reviews his top ten insights from economics with Tim Hughes. These include insights regarding specialization and trade, opportunity cost, and the price mechanism, among others. Applications to traffic congestion and climate change, among other issues, are explored. </p><p>An e-book of Gene's top 10 insights is available to  subscribers of the <a href="http://economicsexplored.com" target="_blank">economicsexplored.com</a> website.  </p><h3>Links relevant to the conversation</h3><p>On comparative advantage:</p><p><a href="https://www.economicsonline.co.uk/global_economics/comparative_advantage.html" target="_blank">https://www.economicsonline.co.uk/global_economics/comparative_advantage.html</a></p><p><a href="https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/scarcity-and-growth/v/comparative-advantage-specialization-and-gains-from-trade" target="_blank">https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/basic-economics-concepts-macro/scarcity-and-growth/v/comparative-advantage-specialization-and-gains-from-trade</a></p><p>On California’s emissions reduction scheme:</p><p><a href="https://ww2.arb.ca.gov/our-work/programs/cap-and-trade-program">https://ww2.arb.ca.gov/our-work/programs/cap-and-trade-program</a></p><p>Thanks to the show’s audio engineer <a href="https://www.upwork.com/o/profiles/users/~01ce8c1d226cc8909e/">Josh Crotts</a> for his assistance in producing the episode. </p><p><i>Please get in touch with any questions, comments and suggestions by emailing us at </i><a href="mailto:contact@economicsexplored.com" target="_blank"><i>contact@economicsexplored.com</i></a><i> or sending a voice message via </i><a href="https://www.speakpipe.com/economicsexplored" target="_blank"><i>https://www.speakpipe.com/economicsexplored</i></a><i>. Economics Explored is available via </i><a href="https://podcasts.apple.com/au/podcast/economics-explored/id1480645795"><i>Apple Podcasts</i></a><i>, </i><a href="https://podcasts.go