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HBO and The Ringer's Bill Simmons hosts the most downloaded sports podcast of all time, with a rotating crew of celebrities, athletes, and media staples, as well as mainstays like Cousin Sal, Joe House, and a slew of other friends and family members who always happen to be suspiciously available.
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Today, we are dealing with a concept that flips conventional wisdom upside down.
In most cases, higher prices reduce demand — that’s Econ 101. But what if, in some markets, raising the price actually increases desire?
That’s the paradox of the Veblen Good — a product that becomes more appealing the more expensive it gets.
Let’s get smarter.
104 episodes
