# 310: Principles of Economics Lecture 2: Value

Page: https://stenobird.com/podcast/the-bitcoin-standard-podcast-1143799/310-principles-of-economics-lecture-2-value
Text version: https://stenobird.com/podcast/the-bitcoin-standard-podcast-1143799/310-principles-of-economics-lecture-2-value.md
Podcast: [The Bitcoin Standard Podcast](https://stenobird.com/podcast/the-bitcoin-standard-podcast-1143799)
Published: 2026-01-27T10:00:00+00:00
Episode link: https://www.buzzsprout.com/1849151/episodes/18576618-310-principles-of-economics-lecture-2-value.mp3
Audio file: https://www.buzzsprout.com/1849151/episodes/18576618-310-principles-of-economics-lecture-2-value.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/the-bitcoin-standard-podcast-1143799/episodes/310-principles-of-economics-lecture-2-value
Duration seconds: 2994

## Resource

Second lecture of Principles of Economics course explores value as a subjective judgment existing only in the consciousness of humans, how scarcity forces economizing, and how marginal utility determines choices and valuations of goods. Get all course notes and slides on saifedean.com/poecourse

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-bitcoin-standard-podcast-1143799/episodes/310-principles-of-economics-lecture-2-value/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/the-bitcoin-standard-podcast-1143799/310-principles-of-economics-lecture-2-value.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.