Scarcity Value and More!!

Hi all,

If you follow a lot of news like I do, you may have heard that the Wu-Tang Clan (not even kidding) released an album where they only made one copy, and that single copy sold recently for a few million dollars, slightly more than the price of, say, the latest Adele album.  I figured that this was worth a bit of conversation on scarcity value, so I included an article on that as well as a few others below.  Hope you enjoy!

Cheers,
Jodi

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Someone forward you this email? No Sweat! Sign up here to get your own If you're having trouble viewing this email, click here Follow Us Scarcity Value and More!! Hi all, If you follow a lot of news like I do, you may have heard that the Wu-Tang Clan (not even kidding) released an album where they only made one copy, and that single copy sold recently for a few million dollars, slightly more than the price of, say, the latest Adele album.  I figured that this was worth a bit of conversation on scarcity value, so I included an article on that as well as a few others below.  Hope you enjoy! Cheers, Jodi Join the Facebook Page Follow Me on Twitter  Jodi Beggs Economics Expert Introduction to Scarcity Value This article defines the term scarcity value and explains the role that scarcity plays in economic value. READ NOW The Dual Mandate of the Federal Reserve This article explains what the Federal Reserve's "dual mandate" is and how it came into being. READ NOW Introduction to Seigniorage This article explains what seigniorage is as it relates to the creation of currency and discusses when it makes sense for a government to create physical currency. READ NOW Introduction to Transaction Utility This article explains the concept of transaction utility as described by behavioral economists and discusses how transaction utility contributes to irrationalities in decision making. READ NOW Featured Articles • 7 Things To Do the Night Before the SAT • Can You Remember These Funny Movie Quotes? • Read Susan B. Anthony's Speech 'On Women's Right to Vote' • Making a Smooth Move from Public School to Homeschool • Overview of WWI • 10 Things You Don't Know About Mount Rushmore • Discover the History American Small Business • Your Christmas Tree Harbors Thousands of Bugs Advertisement About Economics  |  Follow Us You are receiving this newsletter because you subscribed to the Economics newsletter. If you wish to unsubscribe, please click here 1500 Broadway, 6th Floor, New York, NY, 10036 © 2015 About.com - All rights reserved. Privacy Policy.

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