The Answer Is Transaction Costs

The Answer Is Transaction Costs

Por: Michael Munger
"The real price of everything is the toil and trouble of acquiring it."  -Adam Smith (WoN, Bk I, Chapter 5)In which the Knower of Important Things shows how transaction costs explain literally everything. Plus TWEJ,  and answers to letters.If YOU have questions, submit them to our email at [email protected] There are two kinds of episodes here: 1. For the most part, episodes June-August are weekly, short (<20 mins), and address a few topics. 2. Episodes September-May are longer (1 hour), and monthly, with an interview with a guest.Finally, a quick note:  This podcast is NOT for Stacy Hockett. He wanted you to know that.....
69 episodios disponibles

Latest episodes of the podcast The Answer Is Transaction Costs

Parts is (Not) Parts: The Life Cycle Problem for Heavy Equipment 23/12/2025
Money Killed Barter; Can a Platform Bring It Back? 09/12/2025
Adam Smith Episode 7: The Errors of Mercantilism--Bullion, Balances, and Bounties 25/11/2025
Adam Smith's Wealth of Nations Episode 6--Division of Land 21/10/2025
Little's Law: The Transaction Costs of (Re)Drawing Lines 14/10/2025
Adam Smith's Wealth of Nations: Episode 5--The Text of Book II 30/09/2025
Adam Smith's Wealth of Nations: Episode 4--Capital and Book II: Introduction 23/09/2025
The Innovation is the Exchange Itself! 16/09/2025
When Bribes Become the System: Understanding Lock-In 26/08/2025
Adam Smith's Wealth of Nations: Episode #3--Introduction and Book I 19/08/2025
Second Place Is The First Loser: Strategy Over Speed 12/08/2025
When Bats Attack: Understanding Insurance 05/08/2025
Adam Smith's Wealth of Nations: Episode #2--The "Model" 29/07/2025
Adam Smith's Wealth of Nations: Episode 1 (Background) 22/07/2025
Nnnnooooo one expects transaction costs!! The economics of Monty Python 15/07/2025
The Engineers of Exchange: Middlemen, Part Deux 08/07/2025
FA Hayek: Price Whisperer 01/07/2025
The Price of Pennies: Make or Buy? 24/06/2025
Pretty Pigs and Talking Dogs 17/06/2025
Barking Cats: On the "Nature" of Bureaucracy 10/06/2025
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