The Answer Is Transaction Costs
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 taitc.email@gmail.com There are two kinds of episodes here: 1. For the most part, episodes June-August are w... more
| Publishes | Weekly | Episodes | 63 | Founded | 2 years ago |
|---|---|---|---|---|---|
| Number of Listeners | Categories | Social SciencesPoliticsNewsScience | |||
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Book Two of Adam Smith's "The Wealth of Nations" provides the conceptual foundation for understanding how commercial society sustains growth through capital accumulation and the employment of stock. Smith challenges common misconcepti... more
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Chris Cornette, a longtime securities trader who grew up in the business, reveals how the most important innovation that made US capital markets preeminent in the world was the exchange itself.
• Cornette's father worked in the P&S (... more
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Corruption persists not because people like it, but because it becomes embedded in the incentive structure of the state, creating feedback loops that reinforce themselves and resist reform.
• A prebend is a type of benefice historic... more
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Adam Smith's "The Wealth of Nations" developed from decades of lectures on jurisprudence, examining how market exchange creates prosperity through division of labor and specialized skills.
• Two core observations drive Smith's thinki... more
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- Magnificent Munger
Love his passion and ability to communicate economic ideas and theory so transparently.
Apple Podcasts5Buchangus
United States2 months ago - Love the Show; Don’t Change a Thing
Love the show, Mike. And don’t listen to anyone who says you or your guests get too far off in the economic weeds sometimes: I learn so much and get a greater appreciation for the dismal science with every episode. Being a non-economist TAITC fan, it’s definitely a mental challenge to sort through the…intense…terminology use sometimes, but what an enlightening challenge it is.
Keep up the great work!
Apple Podcasts5AgmcvetUnited States4 months ago - Incredibly thought provoking!
I absolutely love TAITC. Numerous times have I gone out of listening to it with so much curiosity for the topics discussed. Almost every time I would read the title of the episode and be excited about the knowledge about to be imparted on me. Would highly recommend. Mike has influenced my thinking plenty of times!
Apple Podcasts5Simon Blöthner
Germany10 months ago - Hunger for the munger
I would love to see an avengers-style buddy action hero movie starring Mike Munger and Russ Roberts fighting against… well I don’t even know what but something where they explain everyday economics principles and wear capes! Love the podcast we need more Mike on the mic.
Apple Podcasts5jjiusbbbdhagUnited Statesa year ago - Munger Transactions Are Best
You don’t want to miss this show with Munger making concise arguments for the importance of transaction costs in all we do.
Apple Podcasts5Vance GinnUnited States2 years ago
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Apple Podcasts | #36 | United States/Science/Social Sciences |
Apple Podcasts | #242 | United States/Science |
Apple Podcasts | #151 |  Canada/Science/Social Sciences |
Apple Podcasts | #187 |  United Kingdom/Science/Social Sciences |
Apple Podcasts | #47 |  Italy/Science/Social Sciences |
Apple Podcasts | #97 |  Australia/Science/Social Sciences |
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Frequently Asked Questions About The Answer Is Transaction Costs
What is The Answer Is Transaction Costs about and what kind of topics does it cover?
Focusing on the exploration of transaction costs, this podcast emphasizes their significance in various facets of economics and social interactions. The episodes frequently address how transaction costs influence decision-making processes, market dynamics, and the broader implications on society. Topics range from institutional corruption and the intersection of bureaucracy with economic theory to insightful discussions on historical texts like Adam Smith's 'The Wealth of Nations'. The host utilizes humor and engaging anecdotes to make complex economic principles accessible to listeners from various backgrounds. Unique elements include a combination of short, focused episodes alongside longer, interview-style discussions, catering to a dive... more
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Which podcasts are similar to The Answer Is Transaction Costs?
These podcasts share a similar audience with The Answer Is Transaction Costs:
1. EconTalk
2. Conversations with Tyler
3. "Econ 102" with Noah Smith and Erik Torenberg
4. The Glenn Show
5. Cato Podcast
How many episodes of The Answer Is Transaction Costs are there?
The Answer Is Transaction Costs launched 2 years ago and published 63 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.
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What guests have appeared on The Answer Is Transaction Costs?
Recent guests on The Answer Is Transaction Costs include:
1. Chris Cornette
2. Mikayla Novak
3. G. Patrick Lynch
4. John Green
5. Peter Bettke
6. Shruti Rajagopalan
7. Randall Holcombe
8. David Skarbek
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