The Answer Is Transaction Costs
by Michael Munger
Activeen·74 episodes
sciencesocialnewspoliticscomedy
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<p><b>"</b><b><em>The real price of everything is the toil and trouble of acquiring it." </em></b><em> </em>-Adam Smith (WoN, Bk I, Chapter 5)</p><p><br>In which the Knower of Important Things shows how transaction costs explain literally everything. Plus TWEJ, and answers to letters.<br><br>If YOU have questions, submit them to our email at taitc.email@gmail.com <br><br>There are two kinds of episodes here: <br>1. For the most part, episodes June-August are weekly, short (<20 mins), and address a few topics. <br>2. Episodes September-May are longer (1 hour), and monthly, with an interview with a guest.<br><br><br><br>Finally, a quick note: This podcast is NOT for Stacy Hockett. He wanted you to know that.....</p>