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 | Twice monthly | Episodes | 72 | Founded | 3 years ago |
|---|---|---|---|---|---|
| Number of Listeners | Categories | NewsScienceSocial SciencesPolitics | |||
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We assess Adam Smith’s enduring ideas—moral authorization of commerce, division of labor, emergent order—and confront where his optimism breaks: how democratic politics and business fuse to create monopoly privilege. The result is a main... more
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We walk through Book Five of The Wealth of Nations to map a state that defends, adjudicates, and builds wisely, then pays for it without killing growth. From militias to standing armies, fee-based courts to salaried judges, turnpikes to ... more
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Smith closes Book IV by dismantling mercantilism through the lens of colonial policy, monopoly, and rent seeking, then weighs physiocracy against the system of natural liberty. We trace why colonies grew despite Europe, not because of it... more
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We trace how Alex Schuessler, the once and once-again President of SmartEquip--also a scholar of expressive choice!--built a platform that makes machines more profitable by erasing the friction between parts, service, and uptime. The ren... more
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- Magnificent Munger
Love his passion and ability to communicate economic ideas and theory so transparently.
Apple Podcasts5Buchangus
United States7 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 States9 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
Germanya year 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 States2 years 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 | #38 | United States/Science/Social Sciences |
Apple Podcasts | #75 |  Canada/Science/Social Sciences |
Apple Podcasts | #172 |  United Kingdom/Science/Social Sciences |
Apple Podcasts | #91 |  Australia/Science/Social Sciences |
Apple Podcasts | #29 |  Belgium/Science/Social Sciences |
Apple Podcasts | #59 |  India/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?
This podcast offers insightful discussions centered on transaction costs and their implications in various realms, articulated through a lens of economic theory. The content ranges from analyses of classic economic texts, like Adam Smith's 'Wealth of Nations', to modern applications involving contemporary business practices and institutions. Episodes feature a mix of shorter, topical segments during the summer months, and longer, guest-focused interviews from September to May, providing a wide range of knowledge and expertise from notable guests in economics and related fields. Unique anecdotes and humor from the host enhance the accessibility of complex economic ideas, making it particularly valuable for listeners seeking both depth and cl... more
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Which podcasts are similar to The Answer Is Transaction Costs?
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1. EconTalk
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4. Uncommon Knowledge
5. Conversations with Coleman
How many episodes of The Answer Is Transaction Costs are there?
The Answer Is Transaction Costs launched 3 years ago and published 72 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. Alex Schussler
2. Jassim Baqer
3. Andrew Wagner
4. Chris Cornette
5. Mikayla Novak
6. G. Patrick Lynch
7. John Green
8. Peter Bettke
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